Goldman Sachs warns of another stock market crash and recommends investing in this area
Analysts at Goldman Sachs $GS urge investors to consider the stock market situation and take into account the next downturn. They say stocks may yet suffer as inflation remains elevated and they expect no surprises from the Fed. However, they are directing investors to an area where demand is well above supply and in their view this is the best asset class to own during this phase of the cycle.
The bank cautions in conjunction with equities and recommends investors focus on another area.
So what is the better alternative according to Goldman Sachs?
Global investment bank Goldman Sachs has advised investors to buy commodities.
"Buy commodities now, worry about the recession later".
Analysts at the firm including Sabine Schels, Jeffrey Currie and Damien Courvalin explained:
With oil being the commodity of last resort in an era of severe energy shortages, we believe the downturn across the oil complex provides an attractive entry point for long-term-only investments.