Goldman: That big market shift is because things aren't as bad as everyone thought

Goldman Sachs says the reason is that investors have grown less fearful of economic conditions.

The firm recommends a switch to stocks with low valuations and minimal exposure to the U.S.-China tariff battle. A massive move away from the momentum stocks that have dominated much of the last decade has come in part because investors have grown less fearful of an impending downturn, according to Goldman Sachs.

Over the past few weeks, momentum shares, or those showing consistent gains over the past six to 12 months, have. The group has tumbled some 14% since Aug. 27, the worst move since the bull market began in March 2009 among the top 1% of the biggest slides ever, according to Goldman. The drop has come at the same time as government bond yields have moved in the other direction, jumping about a quarter percentage point off, in some cases, historic lows. The momentum move reversed a sharp gain the group had seen in the early part of August.

Really wait and see

Hummm....Well...NOW...I know...

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JPMorgan's investment-strategy chairman lays out 3 reasons why the US will avoid recession through 2020Michael Cembalest, chairman of market and investment strategy of JPMorgan, doesn't think a recession is as inevitable as the market seems to think.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A market shift is underway – Cramer and other experts weigh inThe market leaders are now lagging. CNBC's Jim Cramer and two other experts weigh in on the sector rotation. TradingNation So what else is new, doesn't help the working poor either way it goes. The working poor is always left out on everything, you stop at the middle class and the poor is left to defend for there selfs if weren't for the poor working poor there won't be a rich man.😎😎 TradingNation Here we go again...another “expert” marketing strategist with news about the impending recession... doom and gloom, yadda, yadda, yadda...😤
Source: CNBC - 🏆 12. / 72 Read more »