The Grand Old Man Of Strategy Warns: "Near-Term Risks Are More Elevated"
Signs of strain
Peter Oppenheimer, one of Wall Street’s most experienced strategists argues the risk backdrop for equities has changed. After an unusually strong post-pandemic rally, valuations across regions are elevated, equity risk premia have compressed sharply and leadership within the market is shifting. The near-term risk of a correction is rising even if the probability of a full bear market remains low.