Goldman Sachs cautions US consumers could have a challenging few months

TL;DR

Goldman Sachs lifts Allianz SE to “buy,” sees 16% upside on strong EPS outlook Goldman Sachs is sounding the alarm about the health of US consumers, who are bearing the brunt of inflation stemming from the conflict with Iran. And the weakness could be pronounced, Goldman warned in a new note on Tuesday. What Goldman warned about the consumer: Goldman strategist Ronnie Walker said, "What originally appeared to be a solid year for consumer spending has quickly become more challenging.