Goldman Sachs Says Stick With U.S. Risk Assets

The video discusses the potential impact of the US election on investment advice, focusing on tax policy and trade tensions. It highlights that the election may not cause a dramatic shift structurally, but tax policies under a Biden administration and US-China trade relations are key areas of interest. The video suggests that any tax increases might be offset by spending increases to support economic recovery. It also explores how a less antagonistic approach to trade with China could benefit US markets.

What are the two main economic themes that the speaker believes will be the focus of markets and clients?

• Healthcare reform and climate change

• Interest rates and inflation

• Tax policy and US-China trade dynamics

• Unemployment and wage growth

According to the speaker, why is a significant tax hike under a Biden administration unlikely?

• There is no support for tax hikes

• Republicans control Congress

• The economy is still recovering from the pandemic

• Biden has no tax agenda

What is the main difference in approach towards US-China trade tensions between a Biden and Trump administration, as discussed?

• Biden would prioritize technology over trade

• Biden would ignore trade issues

• Biden would focus on a multilateral approach

• Biden would increase tariffs

How did the unexpected increase in tariffs on Chinese goods in 2019 affect the S&P 500, according to the speaker?

• It increased by 2.5%

• It remained unchanged

• It decreased by 1.2%

• It increased by 1.2%

What effect did the imposition of tariffs have on the US dollar and Japanese yen?

• US dollar remained stable, Japanese yen depreciated

• US dollar decreased, Japanese yen appreciated

• US dollar increased, Japanese yen appreciated

• US dollar decreased, Japanese yen depreciated