The firm forecasts a V-shaped rebound in the second half of the year.
The $1 trillion fund manager is the latest among major investors and strategists to turn cautious on risk assets.
An event-driven bear market that doesn’t result in a recession on average lasts nine months, Goldman analysts said.
Some investors are looking ahead to when the coronivirus threat comes to an end.
The strategists recommended investors shift to more defensive U.S. sectors in light of slowing economic growth.
After the markets dropped on Monday, investors seem hesitant to buy the dip.
The coronavirus is eating into fund managers' confidence on global economic growth.
Cheaper equities are seeing a revival after coronavirus fears fueled a selloff last month.
The quant shop warns investors to expect "soberingly low” returns.
Investors poured the most money since June 2017 into the Vanguard FTSE Europe ETF.
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