What’s Top of Mind? Bull Market Risks
More than eight years into the US economic expansion, there are few signs that it will end anytime soon. But with US equity indices at record-highs, 10-year Treasury yields only moderately off their lows, and valuations for both looking stretched, whether “no recession” also means “no correction” is top of mind.
In the below excerpt from Goldman Sachs Research’s latest Top of Mind publication, Editor Allison Nathan interviews Co-Chief Markets Economist Charlie Himmelberg about the interplay between the economic and market expansion and where he sees vulnerabilities to a continued bull run.