Goldman Sachs strategist: U.S. stocks may continue to underperform
Oppenheimer, a strategist at Goldman Sachs, stated that European and other overseas stock markets may continue to outperform the US stock market, reiterating the advice to diversify investments into assets outside the US. The average correlation between stock markets of various countries has fallen to the lowest level since the 1990s. However, they stated that any further downward revision of US economic growth expectations could also hurt overseas stock markets.
If the main reason for further decline in US stocks is concerns about economic growth, rather than dominant tech stocks, historical performance shows that other markets will also decline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Navigating crypto exposures in a volatile world
While BTC’s year-to-date price drop resembles that of the S&P 500, some crypto stocks have fared way worse
SOL remains bullish amid broader market stagnation
The asset surged over the past seven days to reach its highest-ever weekly close on the SOL/ETH pair
Ripple XRP vs.SEC Legal Case to Close Soon
Bitcoin Sets Higher Lows—Can Bulls Target $88K Resistance?

Trending news
MoreCrypto prices
More








