David Kostin, chief U.S. equity strategist at Goldman Sachs, shared his views on the industry in an interview Tuesday on CNBC’s “Squawk on the Road.”
When questioned about President Donald Trump’s agenda: “My characterization that early March will be the stage of maximum optimism demonstrates that check out. … [With the] latitude of what may possibly have taken spot, whether it can be wellbeing treatment, whether it can be tax reform at the commencing of March … now as the days go by, the degrees of freedom start off to slim … it’s possible the tax reform will acquire spot, but it may possibly not acquire spot until following yr,” Kostin reported.
On the firm’s beloved sectors: “We aim on financials and technological know-how as areas for improved expansion. That is how we established up a portfolio now,” he reported.
He also discusses:
- Company earnings
- Market’s valuation
- Bond yields
- Increasing inflation
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