GOLDMAN SACHS: Lagging fund inflows can drive the stock market even higher
|01/23/2020||Posted by BusinessMediaguide.Com under General World News||
- The stock market is having room to run even higher this year despite a 29% gain in 2019 and warnings of a reversal, Goldman Sachs analysts wrote.
- Fund inflows are lagging the surge in US equities, leaving plenty of cash to fuel additional market records, the team said in a Tuesday note.
- The investment bank also noted that traditionally safer assets like government bonds and cash haven’t yet seen “meaningful outflows,” suggesting that “a large portion of positioning has still not moved into equity.”
- Watch Goldman Sachs trade live here.
The US stock market has surged to record highs numerous times throughout read more >>>