Stocks now look 'attractive' as the market has absorbed investor concerns following massive rout, Goldman Sachs' global stock chief says
- Goldman Sachs' Peter Oppenheimer said now is a buying opportunity for investors with six- to 12-month time horizons.
- "Equities are starting to look attractive for medium- to long-term buyers," he told Bloomberg TV.
Now is a buying opportunity for investors with six- to 12-month time horizons, said Peter Oppenheimer, Goldman Sachs' chief global equity strategist.
The remarks come after a massive rout in the stock market that saw the S&P 500 hit the lowest level in more than a year on Monday as
But the sell-off represents a "huge absorption of a lot of worrying things," Oppenheimer told Bloomberg TV, noting higher
While he sees lower returns across assets in this cycle, "equities are starting to look attractive for medium- to long-term buyers," he said.
Oppenheimer cautioned that we have yet to see the full ramifications of rising interest rates but was also optimistic that peak inflation is likely around the corner. Meanwhile, he remains encouraged by the 2022 earnings season, which he says has been "very strong in the last quarter."
He added that value is emerging across a range of stock sectors, including in technology and industrials.
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