Goldman Sachs raises global equities rating to overweight, while Bank of America issues a sell signal! US stock earnings season becomes a key test.

Zhito Finance APP has learned that Goldman Sachs' equity strategy team has upgraded its three-month rating on global equities from neutral to overweight, aligning it with its already established one-year bullish stance. The team wrote in its report that the reasons are: rising oil prices and bond yields have stalled the previous rally, thereby easing valuation pressure, while the outlook for corporate earnings remains solid.