Goldman says global stock markets are nowhere near risky bubble
Typical signs of systemic risk, such as increased leverage in the private sector and a collapse in savings, aren’t present, Goldman Sachs strategists wrote in a report
The fundamental factors that drive the market and the early stage of the economic cycle would suggest that we are far away from a bubble, the report said
While equities across major markets are hovering around record highs, Goldman Sachs Group Inc. strategists say many of the characteristics of a dangerous bubble are absent from global stocks.
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