Goldman Sachs Downgrades Stocks To Neutral From Overweight In Short Term

(Reuters) -- Goldman Sachs Group Inc. (NYSE:GS) downgraded its global equities allocation to neutral on a short-term basis Friday, even though the brokerage remains overweight stocks for the longer term. The firm said in a research note it is worried that a rise in rates will drive stocks lower over the next three months, adding that "we also expect the general pace of returns to slow compared to what we have seen in the last couple of years."