01-13-2017, 12:17 AM
Short GS? It's been quite a rally..
The company reports fourth-quarter earnings next week, offering an opportunity to separate hype from reality but it will take months for the bullish thesis in place since November to take root in the financial community. Specifically, banks should benefit from widening yield spreads in a Fed rate tightening cycle while Wall Street underwriting activity is expected to grow from current depressed levels due to higher economic growth, triggered by tax reform.
GS Long-term Chart (1999-2017)
Read more: Get Ready to Sell Goldman Sachs (GS) | Investopedia http://www.investopedia.com/stock-analysis/cotd/011017/get-ready-sell-goldman-sachs-gs-gs.aspx#ixzz4VYaUH3TM