U.S. investor sentiment has dropped to its lowest level since the 2008 financial crisis as the Federal Reserve raises interest rates, according to Goldman Sachs analysts.
Wells Fargo Investment Institute global market strategy head Paul Christopher and Muhlenkamp & Company portfolio manager Jeff Muhlenkamp forecast the next move for markets ahead of the Fed's September rate announcement on 'The Claman Countdown.'as persistently high inflation and an aggressive Federal Reserve darken the economic outlook, according to Bank of America strategists.
The disparity is the result of lackluster investor sentiment, which is "unquestionably" the worst it's been since the 2008 global financial crisis. Losses in government bonds are at the highest level since the 1920s. signaled this week that it's committed to crushing runaway inflation, even if it means risking a downturn.