(January 2021)


The market has been a bit choppy to start the year, including a loss over the last five days. The weakness of last week came as somewhat of surprise to investors as Biden announced that a nearly $2 tn stimulus package was in the works. That said, Goldman Sachs is undeterred in their view of the economy. In fact, it is exactly their view of the economy that drives their forecast. The bank put out a report last week that calls for a 14% gain in the S&P 500 this year. The reason why is that Goldman believes there is going to be GDP growth of 6.4% this year compared to a consensus estimate of 4.2%. Alongside this expansion, the bank thinks earnings per share will spike by 31% compared to a decline of 17% in 2020.


Source: Market Watch

(New York)

FINSUM + Magnifi: This is a very helpful viewpoint, though it is not all rosy. Goldman feels investors are complacent about anti-trust risks in large cap tech, and given how large of a portion of the S&P 500 they constitute, that is a very significant headwind.


Magnifi is changing the way we shop for investments, with the world’s first semantic search engine for finance that helps users discover, compare and buy investment products such as ETFs, mutual funds and stocks. As of January 2021, 160,000+ users with $360+ Billion in Assets Under Influence, has used Magnifi over 700,000 times. Try it for yourself today.


This blog is sponsored by Magnifi. The information and data are as of the publish date unless otherwise noted and subject to change. This material is provided for informational purposes only and should not be construed as individualized investment advice or an offer or solicitation to buy or sell securities tailored to your needs. This information covers investment and market activity, industry or sector trends, or other broad-based economic or market conditions and should not be construed as investment research or advice. Investors are urged to consult with their financial advisors before buying or selling any securities. Although certain information has been obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness or fairness. Past performance is no guarantee of future results. This content may not be reproduced or distributed to any person in whole or in part without the prior written consent of Magnifi. [As a technology company, Magnifi provides access to tools and will be compensated for providing such access. Magnifi does not provide brokerage or custody services.]