Goldman Sachs’ Oppenheimer says high rates will cap global risk assets from now

<p>Goldman Sachs’ Peter Oppenheimer is chief global equity strategist and head of Macro Research in Europe within Global Investment Research.</p><p>He spoke in an interview on Wednesday with <a href="https://www.cnbc.com/video/2023/06/28/inflation-interest-rates-likely-to-be-stickier-than-markets-are-pricing-says-goldmans-oppenheimer.html" target="_blank" rel="nofollow">CNBC</a>. </p><p>Some comments summarise his views:</p><ul><li>“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,” </li><li>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</li><li>“rally has been very narrowly driven by a few companies” </li><li>“The average company has been relatively flat and we think that will probably continue for some time in equity markets”</li><li>inflation, interest rates likely to be stickier than markets are pricing</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.