Global market rally has limits: Chief equity strategist of Goldman Sachs

Fundamentally, we do expect quite a low profit growth over the course of this year across major equity markets, and that will cap the upside, says Peter Oppenheimer

Investors who hope January’s rally in stocks portends a big year of gains ahead are going to have to dial back their expectations, according to Peter Oppenheimer, chief global equity strategist, Goldman Sachs.
 
The current rebound is a reaction to investors growing too negative at the end of last year, as US-China trade tensions, Brexit rhetoric, and concerns about global growth intensified, he said, speaking to Bloomberg TV from the sidelines of the Goldman Sachs Global Macro Conference Asia-Pacific in Hong Kong.
 
“That rally has got limits,” Oppenheimer said. “Fundamentally, we do expect quite a low profit growth