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Goldman Sachs: U.S. stocks need to pull back first before achieving sustained gains
GateNews
ChainCatcher reports that Goldman Sachs’ trading division warns that the U.S. stock market may need further correction before it can sustain a rally. They point out that current market sentiment is fragile and capital flows are unstable, causing the S&P 500 index to remain vulnerable after attempts to break through the 7,000 level were thwarted. Goldman Sachs states that March’s seasonal performance is complex; since 1928, March has been one of the worst months for the S&P 500, with an average gain of only 0.3%.
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