Here’s the problem facing hedge funds investing in the stock market this year, according to Goldman Sachs Group Inc. chief equity strategist David Kostin: the sand box they like to play in has gotten a lot smaller.
Goldman Sachs Group Inc.’s David Kostin has some good news, and some bad news.
In the U.S. equity market, the worse a company’s finances, the better it’s doing.
The Standard & Poor’s 500 Index may fall to 1,100 if the U.S. debt-reduction supercommittee fails to reach an agreement on budget cuts, according to Goldman Sachs Group Inc.’s David Kostin.
U.S. tax increases and spending cuts set for the beginning of next year may be averted by lawmakers in Washington, Goldman Sachs Group Inc.’s chief U.S. equity strategist David Kostin said.
"The opportunity set, the sand box, the swimming pool is very, very small."
- David Kostin on May 28, 2014
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