Goldman’s Abby Joseph Cohen Sees S&P 500 Modestly Undervalued

The video discusses the current state of the equity market, highlighting the modest undervaluation of the S&P 500 and the impact of the Federal Reserve's policies. It compares the current market complexity to the 1987 crash, emphasizing the challenges in modeling due to political and economic uncertainties. The potential impact of the US election, particularly a 'blue wave', on market stability and fiscal policy is explored. The video also addresses economic challenges such as unemployment and structural issues, stressing the need for fiscal policy interventions.

What is the current view of Goldman Sachs on the S&P 500?

• Highly overvalued

• Overvalued

• Modestly undervalued

• Fairly valued

What major event is contributing to the rising volatility in the equity market?

• A shift in global markets

• A change in corporate profits

• The upcoming major election

• A new fiscal policy

How does the current market complexity compare to the 1987 market event?

• It is more complex now

• It is simpler now

• It is the same as 1987

• It is less volatile now

What is the potential impact of a 'blue wave' in the upcoming elections?

• More certainty in fiscal policy

• Increased market volatility

• Decreased economic growth

• Higher interest rates

What are some concerns related to a potential Biden administration?

• Lack of infrastructure policy follow-up

• Increased unemployment rates

• Higher corporate taxes

• Reduced healthcare access

What is a significant concern for investors regarding unemployment?

• High job competition

• People leaving the labor force

• Rising unemployment rates

• Lack of job creation

What is the expected trend for world economic growth next year?

• Remain stable

• Decline by 2%

• Increase by 6-8%

• Increase by 10%