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'High valuations will become a speed limit': A Goldman Sachs portfolio strategist warns the stock market's record-setting August is setting traders up for disappointment | Markets Insider

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'High valuations will become a speed limit': A Goldman Sachs portfolio strategist warns the stock market's record-setting August is setting traders up for disappointment

that markets have been boosted to high valuations with the help of policy support. But he warned that those lofty prices make stocks more vulnerable, and will act as a"speed limit" in the future.

He added:"We feel that after this initial explosive recovery in growth, there might be a bit of disappointment for what you get in fundamentals."A $7 billion fund manager breaks down why the perfect storm is brewing for investors' most-loved stocks as the election nears - and shares 4 trades to capitalize on their downfall

However, he also said that the rally in August was underpinned in tactical fundamentals. He said macro data has been"incredibly strong," and this can tactically support the market higher.

 

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