This Isn’t the Bottom and Recession Isn’t Priced In, Goldman Says

Markets haven’t priced in a recession, according to analysts at


Goldman Sachs

Equities and credit markets are pricing in a lower risk of recession than rates and currency traders, though no asset class is pricing a severe contraction, Kamakshya Trivedi and Dominic Wilson wrote in a note dated Oct. 25. That means that if a big downturn does hit, stocks have even further to fall.