Goldman Sachs The Markets The perfect setup for US stocks?
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Jan 17, 2025 
Josh Schiffrin, Chief Strategy Officer and Head of Financial Risk at Goldman Sachs, shares his expertise on the current economic landscape. He discusses the robust job market and falling inflation rates, which may influence the Federal Reserve's next moves. The conversation also explores how bond yields are responding to policy changes and the stock market's optimistic outlook. Schiffrin offers investment strategies focusing on US stocks, blending insightful financial analysis with a light-hearted take on his favorite basketball team.
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Healthy Labor Market
- The January jobs report signaled a robust but not overheated labor market.
- The six-month average of payroll gains and low quit rates support this view.
Market Reaction to Inflation Data
- Markets welcomed the benign inflation data.
- They had been anxious about potential inflation due to economic strength and possible trade policy changes.
Inflation Concerns
- Josh Schifrin diverges from market consensus by being less concerned about inflation.
- He believes the new administration will prioritize cost-of-living issues, potentially offsetting inflationary policies like tariffs.