Goldman Sees Some Bargains in US But Finds S&P 500 Expensive

Goldman Sees Some Bargains in US But Finds S&P 500 Expensive

(Bloomberg) — Goldman Sachs Group Inc. sees attractive opportunities emerging in US stocks even as the S&P 500 benchmark remains expensive versus its history and accounting for interest rates.

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The risk-reward for the S&P 500 Index remains unattractive but “the degree of valuation dispersion within the equity market is wide,” strategists including David J. Kostin wrote in a note dated Oct. 14. They see opportunities in stocks linked to quicker cash flow generation,…


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