Goldman's Kostin Sees Markets Focusing on Stability

David Kostin from Goldman Sachs discusses the high valuation of the US equity market, noting its historical context and the impact of interest rates. He emphasizes the importance of stable growth and low volatility stocks in a tightening financial environment. Kostin also analyzes technology stocks, highlighting the difference between highly profitable companies and those with thin margins. He concludes by differentiating between stability and quality in stocks, suggesting that stability stocks are currently undervalued.

What attributes define quality in stocks, and how does it differ from stability?

What is the forecast for the S&P 500 by the end of the year, and what does it imply about market opportunities?