Goldman: Forget Trump Rally, Now Look At Fundamentals

As a market built on Trump rally optimism meets a legislative reality that might not be able to get much done, including any meaningful tax reform, where does one invest in a market environment which Goldman Sachs now categorizes as “Gridlock” in the subtitle of a “Where to Invest Now” report?

With median stock prices trading near 99th percentile, don’t worry about legislative accomplishment to the same degree

With its legislative agenda “delayed” after a derailed attempt at healthcare reform, a tax policy that is now going back to the drawing board and even financial reform in jeopardy, Goldman notes that market bulls are turning their focus to corporate and economic fundamentals.

Even...