(Bloomberg) — U.S. stocks are unlikely to make fresh lows thanks to the “do whatever it takes” approach of policy makers, according to Goldman Sachs Group Inc.A combination of unprecedented policy support and a flattening viral curve has “dramatically” cut risks to both markets and the American economy, strategists including David Kostin wrote in a note Monday. If the U.S. doesn’t have a second surge in infections after the economy reopens, equity markets are unlikely to make new lows, they said.“The Fed and Congress have precluded the prospect of a complete economic collapse,” the strategists wrote. “These policy actions mean …read more
Source:: Yahoo Finance
