Goldman Strategists Turn Bullish on Stocks as Recession Risk Low

Global equities are likely to extend a rally into the year end given a resilient US economy, supportive valuations and a dovish pivot from the Federal Reserve, according to Goldman Sachs Group Inc. strategists.

The team including Christian Mueller-Glissmann turned overweight on stocks over a three-month horizon, as they said the asset class typically performed well in late-cycle economic slowdowns when policy support was strong.