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Goldman Sachs has upgraded its rating on global stock markets to "Overweight", optimistic about the economic outlook.
[Goldman Sachs Raises Global Stock Market Rating to "Overweight", Optimistic About Economic Outlook] Goldman Sachs raised its rating on the global stock market's three-month outlook from "Neutral" to "Overweight". Goldman Sachs analysts pointed out that the strong U.S. economy, supportive valuations, and a more dovish Fed stance are the main reasons for the upgrade. They believe that strong corporate earnings growth, the Fed easing monetary policy without a recession, and global fiscal policy easing will continue to support the stock market.