S&P 500 Down 6%, Nasdaq Correction as Recession Odds Rise to 49%
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowThe S&P 500 has declined more than 6% in the past month, while the Nasdaq Composite has fallen 10% from its peak earlier in 2026. Goldman Sachs has forecasted a 30% chance of a U.S. recession within the next year, a rise from a previous 25% prediction. Moody's model estimates the likelihood at 49%, potentially exceeding 50% if oil prices continue to rise. Additionally, the S&P 500 Shiller CAPE Ratio is currently close to 40, significantly above the long-term average of 17, indicating potential market overvaluation.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About The Goldman Sachs Group (GS)
Goldman Sachs is a leading global investment bank specializing in advisory, trading, and asset and wealth management.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
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