A Joe Biden Presidency Will Not Hurt The Economy Says Goldman Sachs
If the Democratic nominee is elected in November and his party ends up with majority control of both chambers of Congress, Goldman sees a 4 percent upward revision by 2024 to its baseline earnings forecast, which assumes no change in policy, Reuters reported. The market analysts, led by David Kostin, Goldman Sachs’ chief U.S. equity strategist, see a “a modestly positive net impact” if Democrats sweep the November elections, pushing S&P 500 earnings higher, according to Business Insider....