Goldman Sees Value Outside of ‘Stretched’ U.S. Equities
Goldman suggests investors look abroad.
A coin operated telescope looks over the Baltic Sea in Binz on Ruegen Island, Germany
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
There’s that word again: “stretched.”
Seven months after the Federal Reserve warned that valuations of some smaller, biotechnology and social-media stocks may be “stretched” in the U.S., Goldman Sachs Group Inc. is using the same word to describe the whole shebang.