Goldman Sachs has changed its stance on US stocks, shifting to a bullish position for the next three months. The bank’s strategists, led by Christian Mueller-Glissmann, cite strong quarterly earnings and a decline in valuations as the main reasons for this strategic shift. Rising bond yields and energy prices remain risk factors for equity markets. Goldman Sachs believes the potential for valuation expansion in the event of rate relief offers better asymmetry to investors.
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