Goldman Sachs: Expect increased stock market volatility in the coming months.

Goldman Sachs strategists say that increasing policy uncertainty combined with worsening macroeconomic conditions could lead to greater stock market volatility in the coming months. Christian Mueller-Glissman and other strategists wrote that the volatility model for the S&P 500 index still indicates a high likelihood of high volatility, driven mainly by macroeconomic uncertainty. "The escalating tariff negotiations remain a key risk, but fiscal concerns in the US or UK, potential French elections, and geopolitical tensions could also increase volatility." It is worth noting that Goldman Sachs economists expect US GDP growth to slow down in the fourth quarter of this year, with growth indicators for the first half of the year still distorted.