Indexed Return of Cyclicals vs. Defensives and Consensus Forward 4-Quarter U.S. GDP Growth

While the U.S. stock market reflects some caution amid global uncertainties, its resilience indicates that a full-blown recession scenario is not yet priced in.

Image: Goldman Sachs Global Investment Research

Indexed Return of Cyclicals vs. Defensives and Consensus Forward 4-Quarter U.S. GDP Growth