Goldman Sachs: Stagflation Looms, Defensives Preferred
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Show Notes
Goldman Sachs strategist Peter Oppenheimer warns of stagflation in Europe due to Middle East tensions, leading to potential drops in stocks and weak real returns. European indexes have already fallen 4-6% in March 2026, with energy prices surging and inflation rising. Oppenheimer suggests a defensive shift, favoring telecom and consumer staples over discretionary stocks, and recommends rethinking portfolios to mitigate potential downside.
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