Goldman: The Economic Surge Is Starting To Flare Out... And Markets Are Starting To Price It In

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Goldman: The Economic Surge Is Starting To Flare Out... And Markets Are Starting To Price It In

zerohedge2021-04-19

A year ago, Goldman Sachs wrote about an adage that came to characterize the market’s response to the pandemic: "investors can not afford to wait for the resolution to a problem that they know will be...

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erichosk
·2021-04-19
The covid won't be behind us as this virus will keep mutating and the vaccines will become ineffective. New vaccines will have to be developed continuously. Did we eradicate the flu virus? Of course not!
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Jarred
·2021-04-19
hello
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MrPoh
·2021-04-19
Good
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- Chounz:
  I think so
  2021-04-19
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wyggy
·2021-04-19
Is it truly behind us though..?
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- syneo:
  [微笑]
  2021-05-28
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wuming79
·2021-04-19
Nice article
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- Bearbrick:
  I feel the same
  2021-04-19
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Muffingal
·2021-04-19
Gosh
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- Deca:
  Awesome
  2021-04-19
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But the expectations index remained unchanged at79.7. As Goldman suggests, \"it may be that consumers will need to live and feel ‘normal’ for more than just a shopping trip to the mall before fully embracing a post-pandemic era.\"On one hand, this last point could be encouraging for markets as it suggests the reopening may have legs. But just how long those legs are is an increasingly hot topic of conversation. As Goldman strategist Alessio Rizzi warned in a separate note,we are probably entering the last stage of pricing the growth acceleration.To be sure,the market action last week may point to signs that the reopening trade could be already starting to fade.Yields on 10-year US Treasuries have fallen about 10 bp this week to 1.57%.Three of the best performing sectors in the S&P 500 this week were traditionally defensive ones: Healthcare, Real Estate, and Utilities.A look at Goldman's 19 stocks to focus on when we get a vaccine shows declines this week in particularly reopening sensitive categories like airlines (UAL and BA) and entertainment (FUN and IMAX).The Financials sector is among the worst performers this week despite what on paper looked to be an extraordinary quarter of reported profits for the large money center banks.Putting all this together, Hussey writes that \"in a week in which the US made significant progress in its recovery, we learned that business sentiment is only improving while more people are getting their job back and Banks reported strong profits through March, the procyclical trade showed signs of getting a little ‘long in the tooth’.\"Indeed, as the Goldman strategist concludes, we may now be in a mirror image from one year ago today, when\"investors find out that they can not afford to wait for the fading of a recovery that they know will eventually fade.\"","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":373054386,"gmtCreate":1618805803145,"gmtModify":1704715121695,"author":{"id":"3575433293784452","authorId":"3575433293784452","name":"erichosk","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575433293784452","idStr":"3575433293784452"},"htmlText":"The covid won't be behind us as this virus will keep mutating and the vaccines will become ineffective. New vaccines will have to be developed continuously.&nbsp; Did we eradicate the flu virus? Of course not!","listText":"The covid won't be behind us as this virus will keep mutating and the vaccines will become ineffective. New vaccines will have to be developed continuously.&nbsp; Did we eradicate the flu virus? Of course not!","text":"The covid won't be behind us as this virus will keep mutating and the vaccines will become ineffective. New vaccines will have to be developed continuously. Did we eradicate the flu virus? Of course not!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373054386","repostId":1199904120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":373038090,"gmtCreate":1618801050410,"gmtModify":1704715044124,"author":{"id":"3581496986599940","authorId":"3581496986599940","name":"Jarred","avatar":"https://static.tigerbbs.com/4f53f3dd1d894790ffa8b9d707979b8c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581496986599940","idStr":"3581496986599940"},"htmlText":"hello","listText":"hello","text":"hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373038090","repostId":1199904120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":373031562,"gmtCreate":1618801028656,"gmtModify":1704715043474,"author":{"id":"3572523815480754","authorId":"3572523815480754","name":"MrPoh","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3572523815480754","idStr":"3572523815480754"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/373031562","repostId":1199904120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4070619,"gmtCreate":1618801235753,"gmtModify":1680784614035,"authorId":3577323067833105,"author":{"id":3577323067833105,"idStr":"3577323067833105","authorId":3577323067833105,"name":"Chounz","avatar":"https://static.tigerbbs.com/984ba0e3676b05b30a09c829b411eb2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373031562,"type":1,"supId":0,"prevId":0,"content":"I think so ","text":"I think so ","html":"I think so "}],"langContent":"EN"},{"id":373039592,"gmtCreate":1618800891016,"gmtModify":1704715041526,"author":{"id":"3574126974732236","authorId":"3574126974732236","name":"wyggy","avatar":"https://static.tigerbbs.com/efb73e0c5b01a857344a5ffbd784e825","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574126974732236","idStr":"3574126974732236"},"htmlText":"Is it truly behind us though..?","listText":"Is it truly behind us though..?","text":"Is it truly behind us though..?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/373039592","repostId":1199904120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4479007,"gmtCreate":1622167707832,"gmtModify":1680791483489,"authorId":3574040838093825,"author":{"id":3574040838093825,"idStr":"3574040838093825","authorId":3574040838093825,"name":"syneo","avatar":"https://static.tigerbbs.com/13a89a558c2303351b95997274e8f66b","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373039592,"type":1,"supId":0,"prevId":0,"content":"[微笑]","text":"[微笑]","html":"[微笑]"}],"langContent":"EN"},{"id":373030057,"gmtCreate":1618800713479,"gmtModify":1704715038619,"author":{"id":"3559079282868427","authorId":"3559079282868427","name":"wuming79","avatar":"https://static.tigerbbs.com/292f29f0dcaadfa0a153727fcfe04d24","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3559079282868427","idStr":"3559079282868427"},"htmlText":"Nice article","listText":"Nice article","text":"Nice article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/373030057","repostId":1199904120,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4070625,"gmtCreate":1618801285299,"gmtModify":1680784612196,"authorId":3574658986525385,"author":{"id":3574658986525385,"idStr":"3574658986525385","authorId":3574658986525385,"name":"Bearbrick","avatar":"https://static.tigerbbs.com/654bc82d704152d92d732af9b91ebfba","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":373030057,"type":1,"supId":0,"prevId":0,"content":"I feel the same","text":"I feel the same","html":"I feel the 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