Judging by the US stock market, the economic outlook is optimistic in no trivial degree. The S&P 500 Index rose for a fifth straight day on Monday (Nov. 18), ticking up to another record high. Taking a cue from the party atmosphere on Wall Street, Goldman Sachs' chief equity strategist expects the sluggish US economy will improve in 2020.
"The equity market is anticipating an acceleration in US economic growth during the coming months," predicts David Kostin in a research note on Friday. He explained that "our economists believe that tariffs have peaked and that