Goldman Sachs just sought to put a punctuation mark at the end of a Trump-inspired market rally that’s recently been losing steam.
In sum, Hatzius writes, “one month into the year, the balance of risks is somewhat less positive in our view.”
Goldman has downgraded Trump’s promised trillion-dollar spending boom to a relative trickle of $25 billion a year.
Likewise, the across-the-board cuts to tax rates Trump said he’d swiftly deliver may be tougher to come by.
Submitted February 06, 2017 at 03:21PM by hmblmfkrwitabgassdik http://ift.tt/2kAqKac
