Frankfurt The US investment bank Goldman Sachs sees the potential for further price increases on the stock market, despite the crisis in the Ukraine and the imminent turnaround in interest rates. Sharmin Mossavar-Rahmani, head of Goldman Sachs’ investment strategy group, told Handelsblatt that she recommends her wealthy clients to carefully increase the proportion of equities in their portfolios.
You continue to believe that the leading US index S&P 500 will achieve an annual target of 4950 to 5050 points. Therefore, after the weak start to the year, the potential has even increased.
The main reason for the recommendation of the banker, who advises the richest of the rich, is that she does not expect a recession. While a military conflict between Russia and Ukraine would pose some risk to global growth, unless Russia halted all energy exports, a local war was unlikely to lead to a global recession.
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