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Goldman Sachs Advocates Active Stock Selection in New Bull Run

9/5/2025

Summary

Story summary

Goldman Sachs notes a "postmodern cycle," indicating the fourth bull run since World War II, influenced by new market dynamics.
Chief strategist Peter Oppenheimer advocates for active stock selection over traditional buy-and-hold strategies for better returns.
Current challenges include high valuations, rising interest rates, and increased government debt, potentially limiting returns.
Investment opportunities exist in technology, services, and international markets, especially in AI and infrastructure.
The firm advises diversifying beyond U.S. assets to leverage undervalued global opportunities.

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Story summary

Goldman Sachs notes a "postmodern cycle," indicating the fourth bull run since World War II, influenced by new market dynamics.
Chief strategist Peter Oppenheimer advocates for active stock selection over traditional buy-and-hold strategies for better returns.
Current challenges include high valuations, rising interest rates, and increased government debt, potentially limiting returns.
Investment opportunities exist in technology, services, and international markets, especially in AI and infrastructure.
The firm advises diversifying beyond U.S. assets to leverage undervalued global opportunities.