Opinion
Don’t count on a post-election sharemarket rally just yet
Goldman Sachs says the S&P 500 could climb another 7 per cent by end of the year if history is any guide. But there are reasons to be a touch more cautious.
Jonathan LevinOn average, the US sharemarket has done very well in the final months of presidential election years, ostensibly because the veil of political uncertainty is lifted, giving way to a moment of Wall Street-wide Kumbaya.
Goldman Sachs’ Scott Rubner suggested last week that historical patterns might repeat themselves and the S&P 500 Index could increase another 7 per cent to end the year at around 6270.
Bloomberg Opinion
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