Goldman Sachs: The supportive role of the rate-cut cycle on risk assets may weaken
Goldman Sachs stated that historically, the central bank's interest rate cut cycle has supported risk assets, but its role may weaken this year because the market has already traded most of the rate cut measures in advance. Goldman Sachs predicts that economic growth will become a more important driver of risk preference, and the correlation between stocks/bonds should be more negative this year.
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