A Democratic sweep would prompt us to upgrade our equity forecasts - Goldman Sachs
According to Goldman Sachs, a blue wave in which Democrats gain unified control of Wahington is becoming more likely.
"That would prompt us to upgrade out equity forecasts," Goldman Sachs chief economist Jan Hatzius wrote in a Monday report, as noted by CNN Business.
Indeed, Democrat presidential candidate Joe Biden could raise corporate taxes after coming to power. However, he is also expected to boost government spending.
A blue wave would sharply raise the probability of a fiscal stimulus package of at least $2 trillion shortly following the January 2020 inauguration, Goldman Sachs said on Tuesday.
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.