Tiré d'un mail de reco GS datant d'hier : So what do we recommend? In equities, we recommend investors employ a barbell strategy that combines tactical positions in deep Value stocks with long-term positions
in secular Growth stocks in the US, go long our Fiscal Infrastructure and Recovery baskets in Europe, stay long global cyclicals vs. defensives (GSSZMSGC vs.
GSSZMSDF) and add targeted cyclical exposure in Asia Pacific, and continue to stay strategically positive on Growth but selectively add cyclical exposures in China. We
forecast the S&P 500 will climb to 4300 at year-end 2021, the FTSE 100 will reach 7200, and expect 18% total USD returns for Asia Pacific regional equities and 15% returns for both MXCN and CSI300 next year.
Bref Growth + Value, merci 