Goldman Sachs’ 2019 Stock Market Outlook

Goldman Sachs’ 2019 Stock Market Outlook

Goldman Sachs is not feeling very bullish about shares in 2019, out this week relating to its standard outlook are accountable to clients. Season where worries of a downturn increase Traders should buy protective industries and shares to trip out a tough. Goldman raised utilities sector to “overweight” in the report.

But the marketplace could maintain for big trouble from tariffs: “If the full 25 percent tariffs are levied on all imports from China the wages impact could be significant, potentially eliminating any revenue development next year,” the survey said. David Kostin and team wrote in a note to clients Monday.

The bank’s financial team said Sunday that economic growth will decrease to a crawl in the next fifty percent of next year. The S&P 500 shut Monday at 2,690.73, little changed for 2018 and down 8. 5 percent from its record reached earlier in the year. Again Wednesday as traders continued to dump their technology stock winners The market slid. An earnings miss from retailer Target also put into the negative sentiment.

3.8tn in foreign exchange reserves to aid the renminbi in recent weeks… ‘The PBoC doesn’t want targets of renminbi weakness to get too strong. That’s not good for the economy. March 17 – Bloomberg (Belinda Cao and Fion Li): “Goldman Sachs Asset Management has been wagering against the Chinese currency as a slowdown in the world’s second-largest economy spurs capital outflows. 39 billion in emerging-market personal debt as a managing director at Goldman Sachs Asset, said… ‘It’s certainly difficult to keep the strengthening craze in the face of the slowing economy. The U.S. buck index was hit for 2.3% to 97.91 (up 8.5% y-t-d).

The Goldman Sachs Commodities Index rallied 1.2% (down 4.8% y-t-d). March 17 – Associated Press (Fenit Nirappil): “California residents have to show off their sprinklers, and restaurants won’t give customers water unless they ask under new drought rules approved Tuesday. The State Water Resources Control Board has prolonged and expanded limitations on water use as California gets into its fourth calendar year of drought, and winter ends without significant storms or snowfall to replenish dwindling reservoirs. The drought’s effects are rippling across the state, hurting wildlife and forcing farmers to leave fields unplanted.

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So considerably this winter, wildfires are burning through four times as many acres as usual nearly. 8.6 billion debts weight. For high-yield municipal traders, the move may be considered a cause to include the junk-rated commonwealth’s bonds. The ENERGY Authority, called Prepa, this year through negotiations with lenders is poised to lessen its obligations.

31 billion in fees over the past five years by funding energy-company stock sales, borrowing and mergers-and-acquisition transactions, according to Dealogic. 1 trillion to companies in the energy industry, most of which they sold to traders. March 17 – Bloomberg (Sridhar Natarajan and Elliott Stam): “Investors lured back to junk-rated energy bonds by their juicy yields are getting burned.

7 billion of market value of high-yield personal debt issued by energy companies. 120 billion of high-yield, high-risk debt they had taken on before three years amid the U.S. From Feb when yield-starved relationship investors were loading through to the debt again That’s a sharpened reversal, pressing down borrowing costs to a two-month low. March 20 – Bloomberg (Cordell Eddings and Elliott Stam): “Junk-bond sales are on pace to be the most in half a year as the Federal Reserve’s reduced amount of its forecast for interest rates encourages companies to borrow. 13.5 billion less than what was raised in September… Average produces on U.S.