(New York)

Goldman Sachs has been sending some seriously mixed messages on stocks. Just a few days ago they published a bearish outlook for 2019. Now the bank’s investment management arm is taking the opposite stance, saying that equities are the place to be. Goldman thinks global growth will continue nicely in 2019, giving support to stocks. It does, however, favor emerging markets over developed equities. The bank still thinks US stocks look attractive after the recent selloff, however.

FINSUM: To be honest it annoys us when one institution puts out some many competing views, but then again, each of the divisions has its own interests. We are not as bullish on stocks as Goldman money management arm.