Goldman Sachs The Markets “The US is still the place to be”
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Mar 14, 2025 In this engaging discussion, Ashok Varadhan, Co-Head of Goldman Sachs Global Banking & Markets, sheds light on the current U.S. equity landscape after a decline. He explores whether this signals a rebound, revealing interesting investment opportunities amidst geopolitical tensions and changing economic dynamics. Varadhan highlights attractive cyclical sectors and the importance of a diversified portfolio. The conversation even touches on the excitement of baseball season starting in Japan, blending market insights with a dash of sports fun!
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Market Conditions and Sentiment
- U.S. stocks entered 2025 at elevated levels after above-trend growth in 2023 and 2024, driven by government spending and AI.
- The consensus on continued U.S. growth and struggling European and Chinese economies made the market susceptible to a correction.
Lagging Economic Data
- While the market has corrected, economic data hasn't shown a growth scare yet.
- Policy changes and geopolitical tensions may not be reflected in data until Q2 2025.
Investment Advice during Correction
- Look for opportunities in good companies with strong prospects during market corrections.
- Despite downgraded growth projections, value can be found if the U.S. economy grows at a reasonable rate.