Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer says the market is absorbing the impact of lingering inflation and it will be crucial to look at earnings from the biggest US companies. "If margins hold up, I think markets will be okay, but we’re looking at relatively flat returns from here," he tells Bloomberg Television. Oppenheimer adds that industries like energy companies and banks "are now posting decent cash flow, they’re buying back shares, paying dividends, but they really have a significant value advantage."
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