Goldman Sachs cuts equities to 'neutral', upgrades commodities

May 18, 2016 6:57 AM

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Goldman Sachs cuts equities to 'neutral', upgrades commodities

LONDON Goldman Sachs downgraded equities to "neutral" over a 12-month time-frame on growth and valuation concerns, but upgraded commodities to "neutral" on a three-month basis saying there was less downside potential to oil prices.

"Until we see sustained signals of growth recovery, we do not feel comfortable taking equity risk, particularly as valuations are near peak levels," it said.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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