US: Upcoming presidential debate ranks as the biggest match-up since the Mayweather/Pacquiao bout – Goldman Sachs

Research Team at Goldman Sachs, suggests that the first US Presidential debate will take place on Monday, September 26 and viewership may approach Super Bowl proportions with an audience of perhaps 100 million.

Key Quotes

“Two debates are animating investors right now: interest rates and the election. The Fed had its own internal fight and the doves won. Policy rates remained unchanged and economic growth was trimmed to 1.8%. Lackluster growth suggests bond yields will remain low, but future equity gains will be elusive given high starting valuation. Both presidential candidates support fiscal spending which should lift aggregate end demand and benefit firms with high government sales exposure.”