Goldman Sachs analysts believe that the S&P 500 could collapse by another 25%.

According to bankers, such a scenario is possible in the event of a "deep" recession in the U.S. on the background of tightening monetary policy. And this could happen in 2023.

Recall, the cycle of rising rates will probably not end until the middle of next year. And in an era of very high rates and a serious recession, stocks will become the most unreliable asset class.