Goldman Sachs Maintains Optimism Amid Market Volatility, Tech Rally Persists
Markets oscillate between caution and euphoria as geopolitical tensions and trade frictions collide with record-high equity indexes. The NASDAQ's 23.5% annual gain, driven by AI-fueled tech stocks, prompts bubble concerns—yet Goldman Sachs' Peter Oppenheimer sees room for further upside. "Valuations stretch but don't yet mirror historical excess," he notes, highlighting the delicate balance between innovation HYPE and cash flow realities.
Precious metals surge as investors hedge against uncertainty, while the 'Magnificent 7' tech giants continue absorbing capital flows. This divergence underscores a market grappling with competing narratives: risk-off sentiment in traditional assets versus unrelenting confidence in disruptive technologies.