One stock market signal suggests the US presidential race is tightening, Goldman Sachs says
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Summary
Read more: An ex-Wall Street chief strategist says the market's comeback has made most investors 'blissfully unaware' of its real risks - and lays out 6 reasons why another free-fall is on the cardsWhile corporate and tax hikes from the Biden administration would reduce 2021 S&P; 500 earnings by 9% and likely hurt stocks, large fiscal expansion initiatives and less uncertainty with trade policy could be a tailwind for stocks, Goldman said.Biden's plan includes $7 trillion in gross fiscal spending on infrastructure, education, clean energy, and healthcare, Goldman noted.
As said here by Matthew Fox