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Connect scattered updates into a story you can understand.
A link headline states that Goldman Sachs has upgraded global equities while Citigroup has closed its long positions, and asks whether exposure should now be increased or reduced.
Goldman Sachs upgraded its rating on global equities for the next 3 months from “Neutral” to “Overweight,” and upgraded its rating on government bonds for the next 12 months to “Overweight.” The bank expects third-quarter earnings for S&P 500 constituents to grow year on year by 27%。
Goldman Sachs strategists upgraded their rating on equities for the next 3 months from neutral to overweight, saying that the corporate earnings outlook is solid and that the recent decline in valuations has improved the risk-reward profile ahead of earnings season.