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The Business Insider: The Money Game Goldman Sachs says Europe's stocks have a huge 'cushion' not seen since the financial crisis
  • While equity markets globally will probably gain in 2020, Goldman Sachs makes a case for European stocks especially. 
  • For Europe and the US, "the cash yield" — the dividend yield plus the buyback yield — in European equities is far above the yield on risk-free bonds.
  • Goldman says it's "higher now than at any time since the financial crisis."
  • That gives the region's stocks a "substantial yield cushion." 
  • Also, investors are "likely to become increasingly focused on US election risk, and less on risks in Europe," Goldman wrote.
  • View Business Insider's homepage for more stories.

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