Goldman Warns the Worst Move for Wealthy Clients Is to Dump Stocks
- Parallels with dotcom bubble are limited: Mossavar-Rahmani
- Volatile crypto “not appropriate” for clients’ portfolios
This article is for subscribers only.
Equities are still the best game in town, despite this week’s market decline, according to Goldman Sachs Group Inc.
That’s because stock valuations are “nowhere near” where they were at the height of the dotcom bubble two decades ago, says Sharmin Mossavar-Rahmani, head of the bank’s investment strategy group. Unlike in the late-90s, the U.S. equity market today has broad-based returns and its corporate earnings are fundamentally strong, she said.