Goldman’s Oppenheimer Sees Value in $11 Trillion Stock Rout
- European stocks at ‘oversold’ levels, Nasdaq 100 nearing that
- Goldman, JPMorgan see buying opportunities after selloff
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The rout in global equity markets that erased $11 trillion since the end of March may be reaching a floor for now as battered valuations, particularly among tech stocks, attract dip buyers.
For some, the argument rests on technical indicators, while others are looking at what corporates are offering, such as strong balance sheets and high dividend yields. Plus, investors have already priced in a lot of concerns, according to Peter Oppenheimer, chief global equity strategist at Goldman Sachs Group Inc., including about inflation and growth, central bank policy tightening and the war in Ukraine.