Group 1 - Goldman Sachs indicates that the momentum of the stock market may soon come to a halt, with increased risks of a downturn in the near future [1] - The firm's "equity asymmetry framework" signals a heightened risk of stock market declines, with a greater than 10% chance of a pullback in the S&P 500 index over the next three months and over 20% in the next 12 months [1] - The recent increase in pullback risk resembles the changes seen before the market downturn in April, suggesting a potential correlation with historical market behavior [4] Group 2 - Analysts highlight a "deteriorating business cycle momentum" and recent weakness in the job market, with fewer new jobs created than expected in recent months [5] - The firm anticipates inflation to rise above 3% in the second half of the year due to the effects of tariffs, which may lead to more accommodative policies from the Federal Reserve [5] - With major stock indices hovering near historical highs, Wall Street remains vigilant for signs of an impending market correction, especially given the S&P 500's 10% increase year-to-date and a 29% rise since its recent low [5]