--> could be the reason for the sell off on the close on European Markets.
Goldman’s GOAL: Downgrades Equities, Corporate Credit
2014-07-25 19:24:16.218 GMT
By Arie Shapira
July 25 (Bloomberg) -- Goldman, in Global Opportunity Asset
Locator (GOAL) note from global macro research team, downgrades
equities to neutral over 3 mos, sees slide in bonds leading to
temporary selloff in stocks.
* Downgrades corporate credit to underweight for 3 mos and 12
mos.; rising govt bond yields likely to “dominate” returns
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To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Scott Schnipper
2014-07-25 19:24:16.218 GMT
By Arie Shapira
July 25 (Bloomberg) -- Goldman, in Global Opportunity Asset
Locator (GOAL) note from global macro research team, downgrades
equities to neutral over 3 mos, sees slide in bonds leading to
temporary selloff in stocks.
* Downgrades corporate credit to underweight for 3 mos and 12
mos.; rising govt bond yields likely to “dominate” returns
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Arie Shapira in New York at +1-212-617-1488 or
ashapira3@bloomberg.net
To contact the editors responsible for this story:
Brad Skillman at +1-212-617-2763 or
bskillman1@bloomberg.net
Scott Schnipper