Goldman Sachs Warns U.S. Stocks Are Now Reaching Peak Optimism
- Index is up more than 20 percent over the past 12 months
- Roughly half of the gain came after November elections
Morgan Stanley Sees Under-Appreciation of Risk
This article is for subscribers only.
Peak optimism is fast approaching.
Goldman Sachs Group Inc. says the surge in confidence following Donald Trump’s November victory is reaching an inflection point. Investors counting on tax cuts and an economic boom to fuel a surge in corporate profits are getting ahead of themselves, according to the bank.