From Investing.com: 2024-05-04 11:07:43

Goldman Sachs reports that equity markets are not factoring in the risks of antitrust lawsuits against major US tech companies like Apple and Amazon. Despite ongoing legal challenges and regulatory scrutiny, stock valuations remain unaffected.

The Department of Justice and FTC have filed lawsuits against Big Tech firms for anticompetitive behavior. President Biden’s Executive Order on antitrust policy underscores the government’s focus on regulating tech giants.

Goldman Sachs highlights the unpriced risk of the upcoming US presidential elections. Market strategizing is underway, but most investors are hesitant to adjust portfolios prematurely.

The timing of the election is crucial, with historical delays in declaring winners noted. Biden trails by 2 points in key state polling, influencing Goldman Sachs’ monitoring of swing state averages.

Overall, Goldman Sachs warns that the volatility market has not yet considered the risk of a prolonged election outcome, emphasizing the importance of ‘tipping point’ state polling in determining results.



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