Goldman Sachs chief global equity strategist Peter Oppenheimer warns investors to expect lower returns over the next 12 months, following a phenomenal year for stocks. In an exclusive interview with Yahoo Finance, Oppenheimer said returns will likely be in the mid- to high-single-digit percentage range, lower than the past year in every region, but still decent if economic growth continues. He noted that the S&P 500 has already gained 12% so far in 2026, and that a global bond sell-off, with yields rising in the US, Japan, the UK, and Germany, along with surging oil prices above $90 per barrel, could pressure stocks. Oppenheimer, who made prescient calls in the past, including a cautious view before March lows, expects more gradual gains ahead.
Goldman Sachs Group IncGoldman Sachs strategist warns of lower stock returns, which could impact its investment banking and trading revenues.
Oppenheimer Holdings Inc