Goldman Says ECB Move Bullish For U.S. Stocks

ECB stimulus should be supportive of low U.S. interest rates and stocks, but watch for European issues to outshine The European Central Bank’s €1.1 trillion quantitative easing program, announced this week, will cause “displacement” and motivate fund managers to focus on asset reallocation, a report from Goldman Sachs today reveals. In its weekly Kickstart strategy report, Goldman predicted there would be more moves on the horizon. Among the moves the Euro will further weaken by 20 percent basis the U.S. dollar, the report projected, while both European and U.S. credit spreads will further tighten. Goldman Called Currency Issues With Multinational…