Does the Stock Market Crash Hurt Kamala Harris? So Far It’s Not Clear.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 05 2024
0mins
Should l Buy GS?
Source: Barron's
Market Impact on Political Landscape: A sharp decline in global markets raises questions about its potential impact on the presidential race, particularly for Vice President Kamala Harris, as former President Donald Trump attempts to blame her for the downturn. However, analysts suggest that the current economic fundamentals do not strongly indicate a recession, which could mitigate political fallout.
Economic Context and Predictions: While historical precedents show market events influencing elections, today's economic context differs significantly from past crises. Current indicators suggest a low probability of recession, and if the Federal Reserve cuts rates, it may alleviate economic pressures just as voters begin focusing on the election.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to rise
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 899.490
Low
604.00
Averages
951.45
High
1100
Current: 899.490
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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