Fortune March 27, 2023

‘There is no alternative’ has been the order of the day for investors since 2008. Not anymore, Goldman Sachs says

With U.S. Treasury and corporate bond yields rising, American investors have more options outside the equity market than they have for years, just as stocks are near their most “expensive” on a historical basis. It’s a combination that will result in U.S. households selling $750 billion worth of their stock holdings in 2023 as a new era for markets begins, according to David J. Kostin, Goldman Sachs chief U.S. equity strategist.

Read more ......