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Goldman Upgrades Global Equities on Earnings Optimism
Goldman strategist Christian Mueller-Glissmann said strong earnings and higher Treasury yields make both asset classes appealing.
- On Monday, Goldman Sachs upgraded its three-month outlook on global equities to "overweight" from "neutral," while simultaneously raising its 12-month stance on government bonds to "overweight."
- Strategists believe earnings growth remains supportive for stocks, and recent valuation declines have created an "attractive entry point" for investors heading into the third-quarter earnings season.
- The Bank favors a "barbell strategy," balancing high-growth tech stocks with rate-sensitive "bond proxy" equities, remaining "overweight" on Asia and America while "underweight" on Europe.
- A team led by Strategist Christian Mueller-Glissmann described the outlook as a "Goldilocks" scenario, where resilient growth and easing inflation support a classic 60/40 portfolio mix over the next year.
- Despite this optimism, the Bank flagged that higher Energy prices and potential midterm election uncertainty could increase market volatility, impacting the otherwise constructive macro baseline for 2027.
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According to a report published by Goldman Sachs, the recovery in valuations, the resilient performance of corporate profitability, and the supportive effect of the disinflation process on financial markets are expected to continue until 2027...
On Monday, Goldman Sachs upgraded its quarterly estimate for global stocks to “overweight” from “neutral,” noting that earnings growth continues to support stocks and… Goldman Sachs upgraded its quarterly estimate for global stocks - ΙΝΑΦΤΕΜΟΠΟΡΙΚΙ
Coverage Details
Total News Sources12
Leaning Left2Leaning Right1Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
Factuality
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