Goldman: Investor Animal Spirits Will Continue To Drive Stocks

As 2017 draws to a close, Goldman Sachs’ Top of Mind research newsletter takes a look back at the trends that have shaped this year in its December issue. The continued bull market has been one of the stand-out trends of 2017. Heading into the year, few analysts were predicting further gains, as President Trump’s mixed agenda, policial chaos in Europe and a cloudy outlook in China did not make for a positive investment environment. Hedge Fund Q3 Letters [klarman] Still, stocks continued to rise during the early part of the year, a phemonom analyst at Barclays labeled “Animal Sprirts”. As I wrote…