Goldman Reignites Concentration Risk Concerns Amid Bad Breadth & Dollar Divergence

The era of diversification has begun, according to Goldman Sachs Global Strategy boss Peter Oppenheimer.

The case for a return to a more diversified approach to investment reflected two factors:

• First, valuation spreads between the ‘winners’ and ‘losers’ had reached record highs. This was true both in the equity market and in the value of the USD relative to other currencies.

• Second,