Goldman Confirms Global Cycle Drops Back Into Slowdown

Goldman's Advanced GLI now locates the global cycle again in the ‘Slowdown’ phase - characterised by positive but falling Momentum.

But the bigger picture story is that momentum has been relatively flat lately and remains on the boundary of the two phases - oscillating between 'expansion' and 'slowdown' as more than half of the components have deteriorated this month.

Good enough reason to buy stocks to all-time highs?

Source: Goldman Sachs