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Wall Street Strategists See Rotation Powering Stocks to Records

  • JPMorgan and Goldman say the rotation is just getting started
  • Strategists stick to their forecasts for double-digit gains
Bloomberg business news
Goldman’s Abby Joseph Cohen Still Sees Potential in Equities

Equity strategists are as bullish as ever, despite all the nervousness among investors about sky-high valuations and rising rates.

Strategists from Goldman Sachs Group Inc. and Credit Suisse Group AG are counting on more gains from equities as investors rotate out of bonds and cash, and economic growth accelerates. Even if some stocks dip because of higher rates, there will be strong rallies in other sectors, according to Abby Joseph Cohen, senior investment strategist at Goldman Sachs.