Fully Priced-In: Even Goldman Expects Sharp Contraction In Profit Margins In 2023

There has been a bizarre episode of cognitive dissonance developing within Goldman’s trading desk and research departments over the past three months: as readers may recall, some time in late September, just as stocks slumped near their 2022 lows for the second time, Goldman’s chief equity strategist David Kostin – who had heretofore been one […] Source