Goldman says signs are here of belt-tightening impact to profits
Some investors worry that higher living costs, rising bond yields and weak trailing equity returns may lead to household capitulation in the equity market.
The first hints that consumer belt-tightening is passing through to corporate earnings are coming in, posing a bigger risk to U.S. equities than stock-selling by American households, according to Goldman Sachs Group Inc.
High inflation and declining asset prices have started to strain household f
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