Goldman Sachs ’ Peter Oppenheimer is chief global equity strategist and head of Macro Research in Europe within Global Investment Research.
He spoke in an interview on Wednesday with CNBC.
Some comments summarise his views:
- “We’ve seen a big rally in equities, of course, over recent months. Much of that, I think, is reflecting an increasing degree of confidence that we can avoid recessions and that inflation has peaked,”
- the rally can partially be attributed to the easing of some of the risks seen earlier in the year, like the US debt ceiling fight, and US regional banking crisis
- “rally has been very narrowly driven by a few companies”
- “The average company has been relatively flat and we think that will probably continue for some time in equity markets”
- inflation, interest rates likely to be stickier than markets are pricing