Goldman warns $33 billion stock buying spree winding down

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Published: 2 hours ago

Goldman Sachs warns that the recent stock market rally has gone too far and a major $33 billion buying wave is slowing down. The bank suggests the latest leg higher for equities is unsustainable. This could strengthen USD as risk-off sentiment may drive investors toward safe-haven currencies. EUR/USD and GBP/USD may face downward pressure as equity weakness typically supports the dollar.

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