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Goldman Sachs strategists upgrade stocks to Overweight for next 3 months on earnings optimism and cheaper valuations
What happened
Goldman Sachs strategists, including Christian Mueller-Glissman, shifted to an Overweight stance on stocks for the next three months, citing expectations for robust earnings growth and a recent decline in valuations. The call comes as Q3 earnings season kicks off this week with the major U.S. banks reporting and September CPI due Wednesday. LSEG IBES data pegs S&P 500 Q3 earnings growth at 30.6%, with AI-infrastructure beneficiaries driving more than half of that growth.
Why it matters & what’s next are part of Pro, along with the audio summary.
Start your free 14-day trialWho’s affected
- Broad U.S. equities (S&P 500, Nasdaq 100) — a tactical allocation shift from a top bank's strategy desk influences asset-allocation flows into risk assets; supports earnings-sensitive large caps as Q3 season opens with major banks reporting this week (JPM, GS, C, WFC Tuesday
- BAC, MS Wednesday).
Sources