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Goldman Sachs: another 12% decline in the S&P 500 remains on the table

Goldman Sachs: another 12% decline in the S&P 500 remains on the table

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The S&P 500 index has had a rough start to the year, down 7.0% YTD at present, and Goldman Sachs warns the macroeconomic headwinds could fuel another 12% decline in the benchmark from here. What could lead to such a sharp descent?

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