From The Economic Times · Reuters · · 1m
Goldman Upgrades Global Equities
Goldman Sachs boosts global equities outlook to overweight as earnings optimism grows.
In brief
Goldman Sachs boosts global equities outlook to overweight as earnings optimism grows. Goldman Sachs upgraded its three-month global equities view to 'overweight' from 'neutral' due to strong earnings growth and attractive valuations ahead of earnings season. Originally reported by The Economic Times.
Goldman Upgrades Global Equities
Goldman Sachs upgraded its three-month view on global equities to 'overweight' from 'neutral' on Monday.
Earnings Growth Supports Equities
Earnings growth remains supportive for equities and valuations have become more attractive ahead of the earnings season.
US and Asia Overweight
The bank remains 'overweight' on Asia and the US while flagging Europe as 'underweight'.
Near-Term Risks
Higher rates and energy prices remain the main near-term risks to equities.
Midterm Election Uncertainty
US midterm election uncertainty could increase market volatility from current low levels.
Barbell Strategy
Goldman prefers a 'barbell strategy' with tech stocks and bond-like equities to benefit from rate relief.
The takeaway
Goldman Sachs upgraded its three-month global equities view to 'overweight' from 'neutral' due to strong earnings growth and attractive valuations ahead of earnings season.
