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Goldman Sachs warns of further equity correction but rules out bear market
Goldman Sachs strategists have warned that global equity markets face rising correction risks as soaring oil prices worsen the growth and inflation outlook, while valuations across most regions sit at or near historical highs. In a note published on Monday, the bank's equity strategy team led by Peter Oppenheimer argued that markets are more vulnerable to the current energy shock than they were heading into the Russia-Ukraine war in 2022, with valuations across every major region except China no
Goldman Sachs strategists have warned that global equity markets face rising correction risks as soaring oil prices worsen the growth and inflation outlook, while valuations across most regions sit at or near historical highs. In a note published on Monday, the bank's equity strategy team led by Peter Oppenheimer argued that markets are more vulnerable to the current energy shock than they were heading into the Russia-Ukraine war in 2022, with valuations across every major region except China now above long-run averages.