Goldman Sees US Stocks Lagging Asian, European Peers Through Next Decade: Report

Goldman Sachs strategist Peter Oppenheimer and his team reportedly expect U.S. stocks to lag behind their peers in Asia and Europe over the next decade.

According to a Bloomberg report, Oppenheimer and his team recommended diversifying beyond the U.S. The firm said in a recent note that the elevated valuations of U.S. equities have put a lid on potential gains.

“Diversify beyond the US, with a tilt toward emerging markets. We expect higher nominal GDP growth and structural reforms to favor EM, while AI’s long-term benefits should be broad-based rather than confined to US technology,” the strategists said in the note.

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