Goldman said the change would cut the number of funds in its quarterly hedge fund analysis to 59 from 822.
Value isn’t totally dead yet, the bank’s strategists say.
Equities globally are trading at close to the highest levels since February.
A recent survey said investors were more worried about the election than a second wave of coronavirus cases.
Numerous factors could make Biden more market-friendly than analysts currently predict, the firm said.
A portfolio of stocks popular among individuals has surged by 61% since the bear market trough.
Firm strategists have rolled back their prediction that the S&P 500 would slump to the 2,400 level.
Cash piles soared by more than $1 trillion over an eight-week period as coronavirus fears deepened.
Still, Guggenheim is seeking opportunities amid the turmoil.
Here’s what strategists and investors are saying about the market fluctuations.
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