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Actionable news in QQQ: PowerShares QQQ Trust, Series 1,

Goldman Sachs says stay away from stocks for the next three months

Stay away?

Goldman Sachs strategists have cut their rating on global stocks to “underweight” over a three-month horizon, citing pricey valuations and poor earnings growth.

The bank’s gauge for how investors are feeling about stocks and other riskier assets also isn’t inspiring confidence, said Goldman strategists Christian Mueller-Glissman, Ian Wright and Peter Oppenheimer in a note dated Sunday.

“Our risk appetite...