高盛：美股恐陷入通常持续两年的周期性熊市

Core Viewpoint - Analysts from Goldman Sachs indicate that the risk of economic recession is increasing, suggesting that the current sell-off in the U.S. stock market may evolve into a more prolonged cyclical bear market [1] Group 1: Market Trends - Cyclical bear markets typically last around two years and require approximately five years to rebound to their starting point [1] - Unlike one-time event-driven shocks, cyclical bear markets reflect changes in the economic cycle itself [1] Group 2: Investment Outlook - BlackRock downgraded its three-month outlook for U.S. stocks from overweight to neutral, citing escalating global trade tensions [1] - The firm anticipates that risk assets will face greater pressure in the short term due to these tensions [1]