Goldman Sachs(US:GS) Xin Lang Cai Jing·2025-10-11 13:27Group 1 - The core viewpoint is that despite concerns about a potential bubble in the U.S. stock market, experts from Goldman Sachs maintain a positive outlook, asserting that the current bull market is of high quality and remains attractive to investors [1][2] - Ashok Varadhan, co-head of global banking and markets at Goldman Sachs, highlights the stability of the market following a dip in April, indicating a robust rebound [1] - Varadhan emphasizes the positive factors supporting the U.S. stock market, including potential future interest rate cuts by the Federal Reserve, fiscal benefits from the "Big and Beautiful" legislation, and the market's ability to absorb tariff impacts [1] Group 2 - Peter Oppenheimer, chief global equity strategist at Goldman Sachs, expresses optimism, stating that the U.S. stock market has not yet entered a bubble phase, despite some similarities in investor behavior and pricing with historical bubbles [2] - Oppenheimer notes that the total market capitalization of tech-related companies has not exceeded their potential cash flows, distinguishing the current situation from past bubbles [2] - Varadhan encourages investors to optimize their portfolios during the current market calm to achieve higher returns during significant market fluctuations, suggesting investments in put options on stock indices and call options on the dollar [2]