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Goldman Likes European Stocks on Earnings, Global Reach

Bloomberg Markets
Monday, September 21, 2026 at 7:51 AM
~4 min read
Fixed IncomeEquities

Original Report

Sharon Bell, equity strategist at Goldman Sachs, discusses the selloff in bonds and why she's positive on European equities. "15% earnings growth is pretty impressive," Bell tells Bloomberg...

Sharon Bell, equity strategist at Goldman Sachs, discusses the selloff in bonds and why she's positive on European equities. "15% earnings growth is pretty impressive," Bell tells Bloomberg Television. "European companies are global in their reach. They have a lot of exposure to lots of things you want at the moment," she adds. (Source: Bloomberg)

Glass House Analysis

Treasury market movements signal how investors view America's fiscal health and economic trajectory. Rising yields mean the government pays more to borrow, which eventually shows up in taxes or reduced services. For average Americans, this translates to higher mortgage rates, more expensive business loans, and a general tightening of financial conditions that makes everything from buying a home to starting a business more challenging.

International economic policy has concrete impacts far beyond diplomatic circles. Tariffs show up in the price of goods at stores, supply chain disruptions affect whether products are on shelves, and trade tensions can mean job losses in export-dependent industries. The globalized economy means that decisions made abroad can affect workers and consumers domestically.

Corporate decisions reverberate through local communities—a merger might mean headquarters relocating, a restructuring could eliminate jobs, and strategic shifts affect suppliers and service providers in countless towns. Behind quarterly earnings numbers are real employment decisions, investment choices, and community impacts that shape the economic landscape of regions across the country.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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