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

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

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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. 

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