Wall St ends sharply higher, jobs data strengthens case for rate cuts
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Goldman now prefers commodities, cash amid rising uncertainty
May 3, 2024 6:25 AM EDTAnalysts at Goldman Sachs said in a note that they are shifting to Overweight commodities on a three-month and 12-month time horizon to diversify overheating and geopolitical risk. They are also shifting to Overweight cash on a three-month horizon to reduce portfolio risk.
The investment bank notes that the macro backdrop has... More
