GOLDMAN SACHS THINKS DREAM RALLY OVER
Despite the S&P shattering expectations and stocks hitting record highs day in and day out, Goldman Sachs thinks the euphoria that is penetrating Wall Street may be coming to an end. The Wall Street goliath points out that stocks are still absurdly expensive. That note, coupled with poor earnings growth, are a recipe for a slowing market. These fears were amplified after economic data showed that the growth of the United States economy was at a slow 1.2%. The climb that stocks experienced after the uncertainty of Brexit faded makes them even more susceptible to a fall.