Goldman Chief Global Equity Strategist: These Markets Are Cheap Especially Compared To Sky-High US Valuations

We visited Berenberg & Goldman Sachs German Corporate Conference in Munich this week. One of the most interesting presentations was by Peter Oppenheimer, Chief Global Equity Strategist & Head of Macro Research EMEA, Goldman Sachs International.

Peter Oppenheimer’s Presentation at the German Corporate Conference

The summary of his presentation is below:

• We are expecting everywhere inflation to reach central bank targets by mid-year 2025
• The rates will be going down as well, but not to the levels we have seen after the financial crises
• Governments are not interested in reducing debt – government debt will grow further both in EM and DM. So, longer-term rates will be a little bit higher.