Goldman Sachs has upgraded its outlook for stocks, and Senior U.S. Investment Strategist Abby Joseph Cohen says that’s in large part because a good deal of the current concerns are already priced into the market. “We feel that another major recession is unlikely in this investment horizon, and given that assumption and some conservative profit estimates that we’re making, we think that equities in many different markets around the world offer good possible outcomes,” Cohen told CNBC, adding that she sees more risk (though not immediately) for fixed-income assets given the interest rate environment. Cohen says Goldman is looking in particular at “economically sensitive names”. And she says that rather than looking for firms with the highest dividend yields, the firm looks for companies that have the combination of high returns on invested capital and the ability to grow dividends.