Goldman Sachs just a little wary over some of the weaker economic data.
Says a US recession is not priced in
and there are signs of a slowdown in Europe and Chinaadd the recent softening in the US labor market
But, says GS, equity markets are still positioned optimistically:
cyclical stocks have underperformed during the correctionUS equity market does not appear to be pricing a recession
This article was written by Eamonn Sheridan at www.forexlive.com.
