Source: Business Insider
Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs’ Private Wealth Management Division, makes a compelling case for the decade-plus bull market in stocks to keep rolling. She leans on hard data, historical anecdotes, and low recession probabilities to bolster her thesis. Mossavar-Rahmani says “the economic backdrop suggests staying invested.” Click here for more BI Prime stories . 2019 was a year fraught with recession risk. But if you were stoic enough to weather a yield curve inversion, mercurial trade talks, and weakening PMI’s, your portfolio was rewarded with a 29% return . And if you’ve owned exposure to the S&P 500 since the market’s post-financial crisis bottom in March 2009, you’ve earned a hefty 400% as the bull market has extended well into an 11th year. Sharmin Mossavar-Rahmani, chief investment officer of Goldman Sachs ‘ Private Wealth Management Division, thinks the good times will keep rolling. “Both the economy has further room to grow, as well as this bull market,” she said on the ” Exchanges at Goldman Sachs ” podcast. “This will not last forever, but for 2020 our expectation is that it’s going to continue to grow.” Mossavar-Rahmani roots her thesis in hard data, historical anecdotes, and a low probability of a recession in 2020.