Goldman Sachs analysts expect the coronavirus economic impact to be limited - BTD

Author: Eamonn Sheridan | Category: News

A piece from Goldman Sachs (this from prior to Apple's warning earlier

GS quantify the expected impact on US GDP at 0.5% for Q1
  • Which will be clawed back over Q2 and 3
Expect the negative impact globally could be as low as 0.1%
  • impact 2020 S&P 500 eps in 2020 to be limited
  • thus, buy more (of cyclicals & value stocks)
  • Say that unless there is some significant change the impact will be felt on companies most exposed to China

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