A pickup in economic policy uncertainty is contributing to an increase to almost 30% in the risk of a drawdown in U.S. stocks, according to Goldman Sachs. The risk is below previous peaks, but well above its unconditional level reached in September,

It has been a great run, but US stocks are now “priced for perfection” and “increasingly vulnerable to a correction”, according to Goldman Sachs chief global equity strategist Peter Oppenheimer.

This was the stock's second consecutive day of losses.

He joined Goldman Sachs in 1997 as an analyst, was named managing director in 2008 and partner in 2014. Incline P&C Group, a property and casualty insurance program market services firm, announced the appointment of Sheel Patel as chief risk and strategy officer.

Goldman Sachs stock has finished higher after three of its last four 2024 reports, sitting out last October with a minor 0.1% loss despite hitting a fresh peak earlier that day. The stock has averages a 2.

Now that the 2024 trading year is over, all the biggest investment banks and brokers are starting to roll out their reports and views to align themselves with what 2025 might bring. These outlooks and opinions are often the foundation and benchmark used by clients and other Wall Street players in the industry,