), as well as companies in the travel and hotel sector, Katie Koch, Goldman Sachs’ global co-head of equities for its asset management business, said in an interview with Reuters.
The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could lead to a recession, although stocks cut losses at the end of the day’s session. “We have not seen great outflows from our clients. We have seen higher engagement- more people calling and asking questions. This week we are going to end up in pretty strong net inflows into our active portfolios from clients globally,” she said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Sensible trades. I am doing the same thing.
Just don't crash it
Content de savoir qu'ils sont optimistes à ce point, je vais surveiller les minières aurifères et l'énergie...
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman's asset management unit ups positions in hotel, cruise line stocksGoldman Sachs Group Inc's asset management unit has added to positions in t... those vampires dump out all chips on hand and pick up at the lowest price, shame on you wall street...
Source: Reuters - 🏆 2. / 97 Read more »
Goldman sees zero earnings growth for US companies this year because of coronavirusGoldman Sachs revised its earnings estimate for the year to $165 per share, representing 0% growth in 2020. I’d be shocked if the market isn’t up on this fantastic news ReformedBroker that’s bad right? Trump eased everyone’s mind. Pence is in charge. Heading to Dow 30k.
Source: CNBC - 🏆 12. / 72 Read more »
Here's how long stock market corrections last and how bad they can getHere's what you need to know about how long and how severe the typical correction tends to be, according to CNBC and Goldman Sachs analysis. I don’t think this virus is going to be cured by low interest rates ..I also think the mkt is scared that corona will be trumps Katrina which is here in sanders as president The real question now is if coronavirus causes a US recession. It will almost assuredly cause Chinese recession, but will it cause global and US recession? If so, voters probably won't care about the cause come November. Doesn't matter, Trump will claim a success whatever happens!
Source: CNBC - 🏆 12. / 72 Read more »