Exclusively for CNBC Pro subscribers: Goldman has called for a 35% chance of a recession in the U.S.
Goldman Sachs is seeing elevated risk of an economic downturn on the horizon, and the Wall Street firm is advising clients to hide out in stable stocks with less earnings volatility. Goldman has called for a 35% chance of a recession in the U.S. over the next two years or so as surging inflation that is causing the Federal Reserve to raise interest rates poses a danger to the economy. In an environment of slowing economic growth and tightening financial conditions, Goldman says "Stable stocks lagged dramatically against the strong economic backdrop of the last two years". Subscribe to CNBC Pro to see which stocks are being put in the "Stable Growth Basket" as outperforming the S&P 500. This and so much more, exclusively for CNBC Pro subscribers. | | | Here are more of today's top stories, exclusive for CNBC Pro subscribers! Goldman says buy these tech stocks to beat the turbulence — and gives one 80% upside
MON, APRIL 18 2022 Chart analysts see tough times ahead for the stock market
MON, APRIL 18 2022 Here are Tuesday's biggest analyst calls of the day: Tesla, Amazon, Roblox, Apple, WeWork & more
TUE, APRIL 19 2022 These stocks have major earnings mojo heading into a difficult reporting season
MON, APRIL 18 2022 JPMorgan's Kolanovic says a 'near-term rally is likely'
TUE, APRIL 19 2022 Morgan Stanley and Barclays name their top global stocks with upside potential
TUE, APRIL 19 2022 | | | |
