Original article by David Rogers
The Australian – Page: 34 : 9-Dec-16

Investment bank Goldman Sachs is upbeat about the outlook for the Australian sharemarket in 2017, noting indications that the benchmark S&P/ASX 200 is experiencing an earnings upgrade cycle. Goldman Sachs expects market trends that have emerged toward the end of 2016 to continue in 2017, albeit at a slower pace. The firm has adopted an "overweight" position with regard to banking, resources and cyclical stocks, while it remains bearish about so-called bond proxy stocks.

CORPORATES
GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ALUMINA LIMITED – ASX AWC, SOUTH32 LIMITED – ASX S32, RIO TINTO LIMITED – ASX RIO, LEND LEASE GROUP LIMITED – ASX LLC, FAIRFAX MEDIA LIMITED – ASX FXJ, SKYCITY ENTERTAINMENT GROUP LIMITED – ASX SKC, BLUESCOPE STEEL LIMITED – ASX BSL, WESFARMERS LIMITED – ASX WES, TPG TELECOM LIMITED – ASX TPM, CALTEX AUSTRALIA LIMITED – ASX CTX, APA GROUP – ASX APA, SYDNEY AIRPORT – ASX SYD, SCENTRE GROUP – ASX SCG, QUBE HOLDINGS LIMITED – ASX QUB, HOTEL PROPERTIES INVESTMENTS – ASX HPI, CHARTER HALL GROUP – ASX CHC