Goldman Sachs Exec Remains Bullish on Two Trades Amid Geopolitical Turbulence
- John Storey of Goldman Sachs describes current markets as “fragile” with high volatility.
- Despite this, equities have shown resilience, particularly in European financials with double-digit earnings growth.
- Storey emphasizes a shift from asset-light to asset-heavy sectors like data centers and defense.
- He supports investing in infrastructure suppliers for AI rather than its end applications due to uncertain earnings impacts.
Storey suggests that investors should monitor geopolitical developments and U.S. labor market data, which could affect market direction. His focus on the “picks and shovels” approach highlights the growing capital expenditure in sectors supporting AI technology.
The emphasis on resilient sectors like European financials and infrastructure investments reflects a strategic approach during volatile times. Storey’s insights may guide investors seeking stability amid uncertainty. (Source)
