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Key Words: Goldman’s Abby Joseph Cohen warns of inflection point that could ‘spook’ markets

Goldman Sachs GS, +0.91% strategist Abby Joseph Cohen, who long ago emerged as the bullish face of the go-go days of the 1990s, was decidedly less optimistic on stocks in a Bloomberg interview Tuesday.

‘Overall, we are approaching a point of inflection. The really robust growth in GDP and the really robust gains in profits… are happening right now, and we do expect this to decelerate and it will be increasingly clear in 2019… that is sometimes something that does spook the overall market.’

Abby Joseph Cohen

Specifically, Cohen warned that the risk of a trade war could ultimately be a problem for the S&P 500 SPX, +0.48% , which she says is in an “OK, not great” position in terms of its current valuation.

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