W3Schools

Market Extra: As the trade war heats up, Goldman says take cover in these stocks

Getty Images/iStockphoto
The two largest economies in the world are in a collision course over trade.

The U.S. and China are locked in a trade-and-tariff tiff that threatens to rattle the global economy. Yet, analysts at Goldman Sachs remain surprisingly sanguine, if not upbeat.

David Kostin, chief U.S. equity strategist at the investment bank, late Wednesday maintained his S&P 500 target of 2,850 for the year-end even as he listed a number of issues, including escalating tensions with China, that had turned against the market since President Donald Trump was voted into office nearly two years ago.

The strategist expects the bull market, in its ninth year, to extend its run into 2019 on the back of robust earnings as sales and profits at U.S.

>>> Original Source <<<

Comentários