Summary: The team at Goldman Sachs private bank is fielding questions from US clients wondering if they should reduce their exposure to US equities. The bank predicts the S&P 500 could return 3% to 6% this year, compared to cash, which is earning 0%. The CIO’s view is that Fed tightening alone will not be the end of the bull market.
Key take-out: Goldman Sachs private bank is advising US clients, especially nervous ones, to keep up to 80% of assets in the US.
Key beneficiaries: General investors. Category: International investing, investment portfolio construction.