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Goldman Sachs Says Capital Spending Is Powering the Bull Market

The best quarter for stocks in six years ended on a high note, with chipmakers extending their rebound from war-driven lows and signs of economic resilience boosting confidence in corporate earnings. A rally that has added more than $8 trillion to the S&P 500's market value over the past three months gained further momentum as fresh data pointed to strength in both the labor market and consumer sentiment. Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer told Bloomberg that, "for the first time in really a generation," major economies are experiencing a broad-based increase in capital spending. It's a trend that he believes is helping to underpin the current bull market.Goldman Sachs Says Capital Spending Is Powering the Bull Market

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Bloomberg

What's at Stake in USMCA Negotiations?

The US-Mexico-Canada Agreement entered into force six years ago and is the outline for almost $2 trillion in annual trade among the three countries. A countdown to the expiry of the agreement is set to begin as officials launch a review of the trade deal that President Donald Trump signed during his first term. Brendan Murray reports on Bloomberg Television.

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