The stock market has been flying high on fumes of Trump optimism. But when will it end? A report from Goldman Sachs Chief US Equity Strategist David Kostin considers negative earnings revisions and wonders when a market reconciliation with reality occurs, what lies ahead for investors? Kostin: “We are approaching the point of maximum optimism” The market exceeding its statistical limits, which has been the case since the US Presidential election, might discover an important force of nature: gravity. “We are approaching the point of maximum optimism,” Kostin wrote in a note that said the S&P 500 will find mean reversion…
Kostin: “We are approaching the point of maximum optimism”
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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