The United States, chief strategy expert in the United States in one of the largest financial institutions in the world, says the stock market is to be prepared further.
In a new interview with CNBC, David Costin, CEO of Coldman Sachs He says The “solid data” may soon exceed some “soft data” that caused uncertainty in the market.
“Well, the stock market traditionally trades more soft data than difficult data. Expecting that we have a weak seizure of soft data – some of them may be transformed …”
Costin says in the short term, American stocks may face a negative aspect as the uncertainty that the customs tariff is uncertain, but by the end of the year, about 10 % performance is seen on the S&P 500. He also says the recession is not at the condition of the bank base.
“In the next month or two, you will get some difficult data. You will be weaker. You will get some uncertainty about profits. The company’s overwhelming period will end mainly later this week or the early part of next week. In terms of month before the profit season, companies are still able to purchase – in appreciation – their shares.
So these are some variables, the signs you look at. We look at them, customers look at them. Given more work next year, the economy is likely to continue to grow. We have no stagnation in prediction – this is not the basic state. Thus, you have growth in profits. Seven percent this year, 7 % next year. This raises the market to about 6500.
And sixty -five approximately 10 %. This is a kind of frame that we are talking about with customers. “
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