Goldman Sachs strategist Oppenheimer: US stocks may continue to underperform

On March 13th, according to the data from Golden Ten, Goldman Sachs strategists stated that European and other overseas stock markets may continue to outperform the US stock market. They reiterated the advice to diversify investments outside the US. The average correlation between stock markets has dropped to the lowest level since the 1990s. However, they pointed out that any further downward revision of the expected rise in the US economy may also harm overseas stock markets. If the main reason for a further pullback in the US stock market is concerns about the expected rise in the economy rather than the dominant position of tech stocks, historical performance shows that other markets will also decline.