Goldman's Kostin: Opportunities in US on Value Side

The video discusses the return of alpha in 2023, emphasizing a shift from macro-driven market returns to stock picking. It highlights opportunities in value investing, particularly in energy and healthcare sectors, due to their earnings potential. The discussion also covers the equity risk premium, market valuation, and the competitive returns of cash compared to equities, with a focus on stable growth and valuation trends.

Discuss the significance of individual company performance in the context of stock market returns.

What factors contributed to the market returns in 2022, and how do they compare to the expected factors for 2023?

What are the best opportunities for investment according to the speaker, and why?

How do current equity valuations compare to historical levels, and what implications does this have for investors?

What role do interest rates play in the stock market, according to the discussion?