Goldman Sachs expects a 10% decline in US stock market

Goldman Sachs expects major fluctuations in the US stock market during the second half of this year, indicating that these fluctuations may reach a correction before the presidential elections in the United States, which means a decline of approximately 10% for stocks.

Goldman Sachs believed that the performance of US stocks in August is usually weak as liquidity declines, but this decline may be exacerbated by the US elections, as the bank expects a correction to occur before the elections, according to Al Arabiya.

This came as Wall Street traders boosted their bullish bets on US stocks amid resilient corporate earnings and signs of slowing inflation that boosted bets that the Federal Reserve will be able to start cutting interest rates this year.