CNBC Pro

There are 6 reasons why Goldman Sachs sees the market dropping nearly 20% in 3 months

A person walks down Wall Street on April 02, 2020 in New York City.
Spencer Platt | Getty Images

(This story is for CNBC Pro subscribers only.)

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. 

More In Pro News and Analysis

CNBC ProWharton's Siegel says market is 'within 5%' of the bottom, cites earnings as driver of weakness
CNBC ProBond market counting on the Fed to do less when it comes to interest rate hikes
CNBC ProWhen the market was tanking, these stocks were hitting all-time highs and could go even higher