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Goldman's Abby Joseph Cohen Turns Bearish, Blames Trump

In January, Goldman Sachs' Global Markets Institute President Abby Joseph Cohen exuberantly told Bloomberg Quint that despite global equity indices hitting one record high after another, markets are not stretched to the point of danger. They are certainly not as cheap as they were though, cautioned Cohen while adding that cheap valuations provide a cushion which may not exist anymore.
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