Goldman Sachs senior strategist warns stocks could see ‘considerable’ pre-election downside that isn’t being factored into models
October 8, 2020 | technology | No Comments
- Goldman Sachs’ Abby Joseph Cohen told Bloomberg on Thursday that markets could see “considerable downside” before the election due to factors that financial models aren’t picking up.
- These factors include the outcome of the election and what Congress and the president will do next before election day, Cohen said.
- The senior investment strategist added that the market is vulnerable to volatility and disappointment given the”wide gaps” in the relative valuation of stocks.
Goldman Sachs’ Abby Joseph Cohen told Bloomberg on Thursday that markets could soon see “considerable downside” based on factors that financial models cannot predict.
What Congress will do next, what the president will say, and how the election will end cannot be forecasted by modeling, the senior investment strategist said.
“Those of us who have lived our professional lives really focusing in on the math, I think should feel very humble right now,” Cohen said.