BRICS: Goldman Sachs Predicts Major US Market Correction
The US dollar started 2025 on the front foot and outperformed the local currencies of BRICS countries. The DXY index, which tracks the performance of the US dollar, shows the currency inching towards the 110 mark. The steep rise is adding pressure on local currencies, which have fallen to new yearly lows. As the US dollar outpaces BRICS’ local currencies, leading investment bank Goldman Sachs has warned that a major short-term correction for the stock market is on the cards.
BRICS: Prepare For a US Market Correction, Says Goldman Sachs
Global investment bank Goldman Sachs predicts the US market should brace for a major downturn in 2025. The forecast from Goldman Sachs comes at a time when BRICS is looking to push the de-dollarization agenda worldwide.read the report.
wrote Peter Oppenheimer, Goldman Sachs Chief Global Equity Strategist, if the US markets fall, it could allow the economies of BRICS countries to surge ahead. BRICS members China, India, and Russia are looking to overtake the US and make their GDP stronger.
According to Goldman Sachs, the US stock market could dip as bond yields, economic data, and earnings could pull equities down. However, the investment bank is confident that the long-term prospects of the US stock market remain positive. The equities market is primed for short-term correction and the bank advised investors to keep downside protection. BRICS countries could benefit if the US markets spiral out of control in 2025, and Goldman Sachs predictions turn accurate.