警惕“自满情绪”！高盛：狂欢的美股忽视了重大风险

Group 1 - The core viewpoint is that the current optimism in the U.S. stock market may be premature, as there are significant downside risks that investors might be overlooking [1] - Goldman Sachs' chief global equity strategist, Peter Oppenheimer, warns that while tariffs may not lead to a full-blown recession, their impact on the stock market could be more severe than anticipated [1] - Oppenheimer suggests that now is a good time to consider diversifying investments, as stock valuations are high and risk premiums have decreased [1] Group 2 - Oppenheimer emphasizes the importance of patience and maintaining a diversified portfolio, cautioning against mistaking market rebounds for risk-free gains [2] - He notes that the current generation of investors, raised in a near-zero interest rate environment, may be overly focused on short-term fluctuations [2] - Even if the U.S. avoids an economic recession due to tariffs, broader market exposure may still be necessary for investors in a volatile and uncertain market [2]