A Goldman Sachs analyst on US equities – not searching for a pullback regardless of the excessive market focus. Goldman Sachs expects a resilient financial system and softening inflation will proceed to be supportive of shares.
“As our US strategists have shown, periods of high market concentration and momentum outperformance have generally been followed by ‘catch-up’ rather than ‘catch-down’ episodes, supported by better macro,”
“While equity momentum has somewhat supported broader risk appetite … we see limited implications of a continued reversal barring a material US rate shock,”
GS says the choice is to purchase any dip in equities, stays chubby equities, however is cautious of restricted upside within the close to time period.
