Goldman Sachs: The two forces that will «swell» the volatility in shares over a long period of time
Goldman Sachs warns that volatility in the stock markets will remain high in the long term, not because of geopolitical developments, but because of two structural factors. Firstly, the high concentration of the market in artificial intelligence shares, reminiscent of the technological boom of the late 1990s. Since 1932 no such concentrated market had been observed. Secondly, rising unemployment in the USA, which has risen from the low levels of 2023, is statistically correlated with greater variability. Analysts predict continued instability even with a favourable macroeconomic environment.





