By definition a recession is two consecutive quarters of negative GDP growth. With inflation raging at the highest levels in 40 years, and the cost of gasoline and groceries hammering American consumers, the prospects for the rest of the year do not look good.
We decided to screen the Goldman Sachs Conviction List looking for ideas for investors who want to stay in the equity markets, but are concerned about the recession and inflation. While there could still be downside to as low as 3,400 on the S&P 500, and perhaps further, the time to buy is when there is the proverbial blood in the street, and that may not be far off.
While all seven are Buy rated, pay solid dividends, and are among the top picks at Goldman Sachs, it is important to remember that no single analyst report should be used as a sole basis for any buying or selling decision.
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