economy
Three reasons Goldman's co-head of global banking and markets says to stay invested
Goldman Sachs' Ashok Varadhan pointed to three reasons for his constructive outlook.
TL;DR
- Goldman Sachs' Ashok Varadhan advises investors to stay invested.
- He does not expect the Federal Reserve to raise interest rates this year.
- Varadhan predicts oil prices will fall below $70 a barrel by late 2026.
- Artificial intelligence is expected to become a disinflationary force through productivity gains.
- The economy has shown remarkable resilience despite external shocks.
- Constructive outlook extends to credit markets due to economic strength.
- S&P 500 has recently reached record highs.