Goldman Sachs upgrades global equities to overweight
Goldman Sachs upgraded its three-month view on global equities to overweight from neutral, citing supportive earnings growth and attractive valuations. The bank also raised its 12-month stance on government bonds to overweight as a portfolio hedge.
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Goldman Sachs Group Inc raised its three-month view on global equities to overweight from neutral on Monday morning, citing resilient earnings growth. The upgrade aligns the bank's short-term outlook with its bullish 12-month stance heading into third-quarter earnings reports. Recent market pullbacks have lowered valuations and created an attractive entry point for investors.
