GOLDMAN SACHS TURNS BULLISH ON BOTH STOCKS AND BONDSGoldman Sachs upgrades equities to overweight over three months and | Hanami
GOLDMAN SACHS TURNS BULLISH ON BOTH STOCKS AND BONDS
Goldman Sachs upgrades equities to overweight over three months and bonds to overweight over 12 months, citing strong earnings and limited recession risk.
Analysts expect nearly 30% year-over-year S&P 500 earnings growth in Q3, while recent market declines have improved stock valuations.
Meanwhile, Treasury yields have reached their highest levels since 2002, making longer-term bonds increasingly attractive.
Goldman expects easing inflation, peaking energy prices and a more dovish Fed to support both markets.