Goldman Sachs Says Capital Spending Is Powering the Bull Market

The S&P 500 gained over $8 trillion in market value over three months, with chipmakers rising and economic data showing strength in labor markets and consumer sentiment. Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer told Bloomberg that major economies are experiencing a broad-based increase in capital spending. Oppenheimer stated this trend is helping to support the current bull market.

Next story