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Benzinga
Benzinga
Business
Natan Ponieman

'A Hard Landing Scenario Is Inevitable': Goldman Sachs Cuts S&P500 Targets As Investors Flock Into Cash

Goldman Sachs (NYSE:GS) is reducing its valuation projection for the S&P 500 as rising interest rates signal bad times for stock prices.

Investors are reacting by shunning most asset classes and going into cash as a way to weather the storm.

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