Room for Market to Fall Further: Economist

Don Ma
By Don Ma
September 23, 2022NTD Business

Friday’s market drop put the S&P 500 at about 3,700 points.

Late Thursday, Goldman Sachs said the S&P 500 could drop to 3,600 points by the end of this year, a 16 percent cut from its previous target.

The Federal Reserve just announced another big rate hike this week, and there could be more to come.

One Goldman analyst said a majority of investors think a hard landing is inevitable.

NTD talked to economist Robert Genetski about the big market drop and what’s behind it.

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