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Market Extra: Is Donald Trump boosting the economy? Goldman finds mixed signals

Ever since President Donald Trump took office, the main question on the minds of investors has been, “will the market optimism his election inspired prove justified by economic activity, or did the rally simply set stocks up for a bigger fall?” According to a Goldman Sachs analysis of corporate commentary, it’s a little of both.

“Management teams were mixed in their assessment of whether a much-discussed rekindling of animal spirits since the election has led to a tangible increase in demand,” the investment bank wrote in its quarterly Beige Book, which examines the earnings transcripts of companies in the S&P 500 for trends.

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