Both Goldman Sachs (GS) and Pimco tell clients to chill out about the recovery. Goldman views...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Both Goldman Sachs (GS) and Pimco tell clients to chill out about the recovery. Goldman views yesterday's ADP report showing a surge in hiring "with skepticism... Markets may be overly optimistic about the extent to which this will show up in Friday’s [jobs] report.” Pimco concurs: "Many, many months of strong payroll gains” are needed before the Fed raises rates.