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The stock market has rebounded swiftly from its coronavirus low in March as investors bet on a reopening of the economy. However, Goldman Sachs warned sentiment will turn sour again soon as reality sets in.
A number of red flags in the market caused the bank to stick to its bearish view in the near-term, seeing the S&P 500 dropping nearly 20% in three months. Goldman broke down six reasons for a likely pullback.