Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Goldman Sachs boss David Solomon thinks Wall Street's recent rally is out of step with reality and markets have risen too quickly from their March slump.
He said at the Bloomberg Invest Conference Wednesday: "The equity market does seem to be a little bit ahead of my view of the future earnings performance of businesses." The International Monetary Fund said Wednesday that global output will shrink by 4.9% in 2020, higher than its initial 3% forecast. Goldman Sachs boss David Solomon thinks Wall Street's recent rally is out of step with reality and markets have risen too quickly from their March slump.
Speaking at the Bloomberg Invest Conference on Wednesday, Goldman's CEO said: "The equity market does seem to be a little bit ahead of my view of the future earnings performance of businesses." Investors have been piling into assets since the crash in March, and stocks have risen sharply. Since touching a low of 2237.
on Wednesday as investors took account of some of those fears. The Dow shed 700 points after US states such as California, Arizona, Texas, and Florida saw a surge in cases.
Thanks for that valuable insight chief vampire squid person.
A “little bit” 🤣🤣🤣🤣
My portfolios shows them flat to losing ground. Of course I'd like to read your article, but you're behind a paywall now... Which is too bad because I really enjoyed Business Insider.
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