Goldman Sachs: Stock Market Faces 'Speed Bump Risk'

Golden Finance May 19｜Goldman Sachs strategists stated that although the Middle East war has impacted the macroeconomy, the stock market has still climbed to record highs. However, the risk of a correction is increasing, especially due to surging inflation. The team led by Peter Oppenheimer said: "If the oil supply disruption continues into the second half of this year and inflation expectations rise further, the stock market does indeed face a 'speed bump risk'." The current stock market rally has been driven by strong earnings, and global nominal GDP growth is expected to reach 5.9% in 2026, compared with 4.7% in 2025.