高盛：2025年美股表现非常好，但2026年市场将更加“狂野”

Core Viewpoint - Goldman Sachs' head of global hedge fund business, Pasquariello, describes the performance of the US stock index in 2025 as "very good," but emphasizes that investors on the front lines will face a high-pressure and volatile journey [1] Group 1 - The outlook for 2026 is characterized as unlikely to be a calm year, with expectations of increased market volatility [1] - Despite a baseline scenario leaning towards positive returns, the environment of high valuations, technological changes, and massive AI investments will contribute to a "wilder" market [1] - The reliance on tactical adjustments and risk management by investors is expected to significantly increase, as simple buy-and-hold strategies may face challenges [1]