Katherine Bordlemay, co-head of client portfolio management at Goldman Sachs Asset Management, predicts that US stocks will continue to fluctuate upward, even though sharp fluctuations in individual stocks overshadow the calm on the surface of major indices. It is profit rather than valuation, which is the main driving force to cushion the impact of rising US bond yields on the stock market. They are optimistic about “unseen sectors in the stock market,” with particular reference to the US healthcare sector and developed international markets.

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