Goldman Sachs Asset Management: Suggests moderately overweighting US stocks, bullish on technology, energy, and industrial stocks

Goldman Sachs Asset Management recommends a moderate overweight position in US stocks, bullish on technology, energy, and industrial stocks. The global growth environment is favorable, inflation is slowing, and global central banks are cutting interest rates one after another, with a positive view on risk assets. Although the current P/E ratio of US stocks is relatively high, it is not unreasonable compared to the long-term average. Goldman Sachs Asset Management recommends cyclical stocks, preferring energy and industrial stocks. They are optimistic about technology stocks and believe in the positive outlook for artificial intelligence. Valuations of stocks outside the US are relatively discounted compared to US stocks, with a "overweight" view on Japanese stocks. It is expected that US economic growth will slow down, and the trend of inflation will continue