Goldman Sachs Upgrades Global Equities to Overweight on Earnings Optimism
· Business · Economic Times, Reuters
Goldman Sachs has upgraded its three-month outlook on global equities from neutral to overweight, citing supportive earnings growth. The bank noted that recent market pullbacks have created more attractive entry points ahead of the third-quarter earnings season. Higher energy prices and interest rates remain key near-term risks alongside US midterm election uncertainty. Goldman also upgraded its 12-month stance on government bonds to overweight, recommending a barbell strategy combining tech stocks and bond-like equities.
Why it matters
Institutional investors recalibrate global asset allocations as valuations improve despite ongoing macroeconomic headwinds.
Read the original report — Economic Times
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