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Jason Mathews

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  1. Goldman Sachs8 min

    Jason Mathews on Major Themes Driving Markets

    Jason Mathews

    Analysts are divided between an optimistic camp anticipating a six-week economic reopening supported by stimulus and a pessimistic camp warning of long-term damage from massive job losses and reduced equity buybacks. The energy sector faces intense scrutiny regarding solvency amidst negative oil prices, prompting investors to seek firms with strong balance sheets or bet on tanker companies holding storage capacity. Meanwhile, over $1 trillion has flowed into money market funds, creating a significant liquidity reserve that may fuel future market appreciation once the current focus on COVID-19 outcomes shifts to election-related volatility.