Goldman Sachs Says Capital Spending Is Powering the Bull Market
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The best quarter for stocks in six years ended on a high note, with chipmakers extending their rebound from war-driven lows and signs of economic resilience boosting confidence in corporate earnings. A rally that has added more than $8 trillion to the S&P 500's market value over the past three months gained further momentum as fresh data pointed to strength in both the labor market and consumer sentiment. Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer told Bloomberg that, "for the first time in really a generation," major economies are experiencing a broad-based increase in capital spending. It's a trend that he believes is helping to underpin the current bull market.Goldman Sachs Says Capital Spending Is Powering the Bull Market -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for busines
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