Goldman goes long stocks
Goldman Sachs has upgraded its global equities outlook on earnings optimism, going long on stocks and bonds. Strategists cite improving earnings as a key factor in their bullish stance. This marks a shift in their previous position, with the firm now expecting stocks to perform well for the remainder of the year.
Listen to Live Briefing
Real-time synthesized voice briefing · Live Feeds Desk
- ✓ Goldman Sachs has upgraded its global equities outlook on earnings optimism.
- ✓ Goldman Sachs is going long on stocks and bonds.
- ✓ Major US banks reported strong Q3 profits despite warnings about higher rates and inflation.
What changed
Goldman Sachs upgraded its global equities outlook, citing earnings optimism as a key factor.
Live updates
-
Goldman Sachs turns bullish on stocks for rest of year
Goldman Sachs has upgraded its global equities outlook on earnings optimism, going long on stocks and bonds. Strategists cite improving earnings as a key factor in their bullish stance. This marks a shift in their previous position, with the firm now expecting stocks to perform well for the remainder of the year.
Why it matters
The change in Goldman Sachs' outlook comes as major US banks, including JPMorgan, Citigroup, and Wells Fargo, report strong Q3 profits despite warnings about higher rates and inflation. The global market has seen a mixed response to earnings reports, with some companies being punished for strong performances. This shift in sentiment could impact market trends for the rest of the year.
What is confirmed
- Goldman Sachs has upgraded its global equities outlook on earnings optimism.
- Goldman Sachs is going long on stocks and bonds.
- Major US banks reported strong Q3 profits despite warnings about higher rates and inflation.
What to watch next
- Earnings reports from major companies
- Inflation and interest rate decisions
- Market reaction to Goldman's upgraded outlook
confidence 80%Sources used for this update (10)
- www.cnbc.com — Stock Markets, Business News, Financials, Earnings - CNBC
- Financial Times — Goldman goes long stocks — and bonds*
- Bloomberg.com — Goldman Strategists Upgrade Global Stocks on Earnings Boost
- Reuters — Goldman upgrades global equities on earnings optimism
- MarketWatch — Here’s why Goldman Sachs just flipped bullish on stocks for the rest of the year
- Seeking Alpha — Goldman gets its stock mojo back but keeps bonds in the mix
- www.cnbc.com — Here's our monthly update on our 32 stocks, including 2 more names to buy
- www.fool.com — The Man Who Built the Apple Store Never Tried to Sell You Anything
- 247wallst.com — Why Great Earnings Are Being Punished Right Now
- www.fortune.com — JPMorgan, Goldman, Citigroup, Wells Fargo post Q3 profits but warn about higher rates and inflation | Fortune
Community Sentiment: How do you assess this situation?
Voice your perspective · Real-time aggregated sentiment from the Live Feeds community