[Goldman Sachs turns bullish on the short-term trend of global stock markets and expects a boost from corporate profits] On October 12, Goldman Sachs Group strategists turned bullish on the short-term trend of global stock markets, believing that strong corporate performance will provide further boost to a market that is already close to historical highs. The team led by Christian Mueller-Glissmann said in the report that after rising oil prices and bond yields stalled the stock market rally, stock valuations have become less expensive, while the outlook for corporate earnings remains solid. They upgraded their view on the stock to overweight from neutral over the next three months, consistent with their bullish stance over the next 12 months.