{"id":2583,"date":"2020-04-08T05:23:12","date_gmt":"2020-04-08T05:23:12","guid":{"rendered":"https:\/\/www.maxlee.info\/blog\/?p=2583"},"modified":"2020-04-09T05:26:24","modified_gmt":"2020-04-09T05:26:24","slug":"heres-what-goldman-sachs-is-telling-wealthy-clients-to-do-in-this-market","status":"publish","type":"post","link":"https:\/\/www.maxlee.info\/blog\/news\/heres-what-goldman-sachs-is-telling-wealthy-clients-to-do-in-this-market\/","title":{"rendered":"Here\u2019s what Goldman Sachs is telling wealthy clients to do in this market"},"content":{"rendered":"

President Donald Trump told reporters at the White House coronavirus press briefing on Monday that he sees \u201ca tremendous light at the end of the tunnel\u201d amid the pandemic.<\/p>\n

<\/p>\n

\"Goldman
Goldman says it’s time to buy.<\/figcaption><\/figure>\n

Published: April 8, 2020 at 2:46 p.m. ET, By Shawn Langlois<\/p>\n

Clearly, Silvia Ardagna, managing director in the investment strategy group within Goldman Sachs private Wealth Management, agrees with him.<\/p>\n

\n\u2018We see light at the end of the tunnel because we believe that sooner or later the medical community will make breakthroughs, and because the fiscal and monetary response around the world, especially in the U.S., where we\u2019re overweight stocks, has been pretty aggressive and forceful\n<\/p><\/blockquote>\n

That\u2019s the bullish view Ardagna shared with Bloomberg News<\/a> in an interview Wednesday.<\/p>\n

\u201cRight now is a good time to get back into markets and take advantage of the decline in equity markets to position for the rebound,\u201d Ardagna added.<\/p>\n

Her comments follow the advice of Goldman\u2019s investment strategy group from mid-March, which advised clients to gradually add risk assets after the big pullbacks.<\/p>\n

\u201cWhen valuations are so low, when there\u2019s been pretty sharp drawdowns in equity markets, on a 12- to 18-month horizon, the probability of getting a positive return is pretty high,\u201d she said.<\/p>\n

Investors long U.S. stocks were enjoying a \u201cpositive return\u201d during Wednesday\u2019s trading session, with the Dow DJIA, +3.44% up more than 700 points. The S&P SPX, +3.40% and tech-heavy Nasdaq COMP, +2.58% were also solidly higher, at last check.<\/p>\n

Goldman\u2019s consumer and wealth-management unit, according to Bloomberg News, had $561 billion of assets under management at the end of last year, up 23% from 2018.<\/p>\n

Source: www.marketwatch.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump told reporters at the White House coronavirus press briefing on Monday that he sees \u201ca tremendous light at the end of the tunnel\u201d amid the pandemic.<\/p>\n","protected":false},"author":1,"featured_media":2584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-2583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/2583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/comments?post=2583"}],"version-history":[{"count":0,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/2583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media\/2584"}],"wp:attachment":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media?parent=2583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/categories?post=2583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/tags?post=2583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}