Goldman Sachs chief executive David Solomon said he sees “more greed than there is fear” in financial markets as investors shrug off concerns around elevated asset prices, the high cost of oil and rising US inflation to drive stock prices higher.
The comments from the investment banking boss underscore the bullish view on Wall Street that helped push the S&P 500 to record closing highs 11 times last month, half of all trading days.
Solomon, speaking at the Economic Club of New York, was asked about the market’s ability to absorb upcoming mega initial public offerings for tech companies including SpaceX, OpenAI and Anthropic. The listings, on which Goldman hopes to play major roles, will be the largest IPOs of all time. Solomon said there was “plenty of liquidity in the system if the world continues to remain as optimistic”.