It appears Goldman Sachs is now in the business of predicting sporting events.
The investment firm predicts the Brazilian soccer team will win the World Cup that begins on June 12. The host team is a heavy favorite to win the prestigious event, but a prediction from an investment firm has to be a first.
An analyst at the firm makes a bold statement saying the odds of Brazil winning the World Cup are three times that of the second favorite, Argentina.
According the Goldman report the win by Brazil will boost its stock market in the first month after winning the event.
The winning country’s equity market historically outperforms global stocks by 3.5 percent on average in the first month ...
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