Goldman Sachs Joins Citigroup in Flashing Warnings on S&P 500
- Citi’s sentiment model signals a higher chance of stock losses
- Wall Street’s voices of concern over stocks getting louder
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When investor optimism over U.S. stocks is on the rise, so are Wall Street warnings.
Sentiment has climbed to levels that foreshadowed the year’s worst rout, prompting Citigroup to caution that another pullback may be in the offing. At Goldman Sachs, elevated valuations and a tightening labor market have driven the firm’s bull/bear market indicator to alarming highs.