President Donald Trump told reporters at the White House coronavirus press conference on Monday that he sees “a huge light at the end of the tunnel” in the middle of the pandemic.
Obviously, Silvia Ardagna, managing director of the investment strategy group at Goldman Sachs
Private Wealth Management agrees with him.
“We see the light at the end of the tunnel because we think that sooner or later the medical community will make inroads, and because the budgetary and monetary response in the world, especially in the United States, where we are overweight, has been quite aggressive and energetic
This is the bullish view that Ardagna shared with Bloomberg News in an interview on Wednesday.
“Right now is a good time to come back to the markets and take advantage of the stock market downturn to position yourself for the rebound,” added Ardagna.
His comments follow advice from Goldman’s investment strategy group starting in mid-March, which advised clients to gradually add risky assets after major withdrawals.
“When valuations are so low, when there have been fairly large declines in the stock markets, over a 12 to 18 month horizon, the probability of achieving a positive return is quite high,” she said. .
US Investors Long Profited From “Positive Return” During Dow Dealing Wednesday
up to over 700 points. The sp
and technology-intensive Nasdaq
were also significantly higher at the last check.
According to Bloomberg News, Goldman’s consumer and wealth management unit had $ 561 billion in assets under management at the end of last year, up 23% from 2018.