Here’s what Goldman Sachs is telling wealthy clients to do in this market

President Donald Trump told reporters at the White House coronavirus press briefing on Monday that he sees “a tremendous light at the end of the tunnel” amid the pandemic.

Clearly, Silvia Ardagna, managing director in the investment strategy group within Goldman Sachs GS, +6.59% private Wealth Management, agrees with him.

‘We see light at the end of the tunnel because we believe that sooner or later the medical community will make breakthroughs, and because the fiscal and monetary response around the world, especially in the U.S., where we’re overweight stocks, has been pretty aggressive and forceful

That’s the bullish view Ardagna shared with Bloomberg News in an interview Wednesday.

“Right now is a good time to get back into markets and take advantage of the decline in equity markets to position for the rebound,” Ardagna added.

Her comments follow the advice of Goldman’s investment strategy group from mid-March, which advised clients to gradually add risk assets after the big pullbacks.

“When valuations are so low, when there’s been pretty sharp drawdowns in equity markets, on a 12- to 18-month horizon, the probability of getting a positive return is pretty high,” she said.

Investors long U.S. stocks were enjoying a “positive return” during Wednesday’s trading session, with the Dow DJIA, +3.44% up more than 700 points. The S&P SPX, +3.40% and tech-heavy Nasdaq COMP, +2.58% were also solidly higher, at last check.

Goldman’s consumer and wealth-management unit, according to Bloomberg News, had $561 billion of assets under management at the end of last year, up 23% from 2018.