Goldman Sachs stays bullish on stocks going into year-end

They also retain a more bullish recommendation on equities over the next 12 months. Goldman Sachs noted that “good earnings growth, Fed easing without a recession and global fiscal policy easing will continue to support equities”. Adding that “with anchored recession risk, we would buy dips in equities into year-end”.On the 3-month horizon, the firm says that stocks typically performed well in late-cycle economic slowdowns when policy support was strong.
This article was written by Justin Low at investinglive.com.

Source: investinglive.com (Read Full Article)