Goldman Sachs: The Stock Market Rally Is Doomed

Stocks have surged to new highs since the election, from already very lofty levels, on the theory that the Trump Administration and Congress would create policies that would pile enormous benefits on Corporate America – and do so pronto. This includes, as President Trump called it, a “phenomenal tax plan,” deregulation for Wall Street and other sectors, and additional government spending, particularly a $1-trillion boost to infrastructure spending and some plus-sized moolah for the military.

Now the markets are counting on it. Stocks have soared. And everyone is happy. So why is Goldman Sachs dissing the rally with increasing intensity on a near-weekly basis?

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