Flash: Trade implications of recent US equity performance – Goldman Sachs

FXstreet.com (New York) - “The recent results of the S&Ps robust performance fit well with our fundamentally driven views that equity markets can digest higher yields, and that US growth is strong enough to sustain the equity market even as policy gradually shifts.” notes the Economics Research Team at Goldman Sachs.

As such, “We continue to favor Developing Market (DM) exposures where the mixture of growth and policy provide support. Our top trade recommendations reflect these views, with our newly added FTSE trade joining our long-standing US large cap banks trade as our preferred implementations of this view.” the team adds.