The firm's analysts said there are still too many risks for investors looking to go into buying mode.
Investors are growing concerned that a five-year period of steady growth and low interest rates is finally over.
Here are some reasons investors may want to allocate more money to stocks going forward.
Scott Thiel said bond markets have gone overboard pricing in interest-rate increases by the Fed.
The bank's clients see price pressures and a policy reversal by the Federal Reserve are big risks.
A summer stock binge has left investors over-extended and vulnerable to any hint of bad news.
An outbreak of bad news is spurring cautious investors to double down on cross-asset hedges.
A fixed income chief at BlackRock is confident that the rally in inflation-protected Treasurys has gone too far.
Growth fears erupted this week as the spread of the virus calls into question rosy economic forecasts.
In a survey of 850 institutions last week, Goldman found that close to one in 10 are trading crypto.