The Federal Reserve could begin easing by March, he said.
Catalyst Capital Advisors And Aspect Capital say their approach provides more diversity than a traditional portfolio.
One big question is how much the AI craze will contribute to earnings.
Finding winning stocks outside of big tech has become virtually impossible, money manager say.
The picture may become more clear in the coming weeks as more companies release quarterly results.
Stocks defied fears of a recession to soar in 2023 and have continued to climb.
Investors are reverting to owning the so-called Magnificent Seven group of stocks, the bank's analysts say.
A physician at one of America's top hospitals moonlights as an amateur financial sleuth and writer.
The group of disliked companies has fallen 11% so far this year.
Wagers on Fed rate cuts have spurred investors to increase their US stock exposure.
The asset and wealth division helped drive the gains.
The bank's shares dropped the most in three months.
But he predicted that the rally would fade as the year goes on.
The outlook for cost savings helped mask a disappointing fourth quarter.
The bank made $49.6 billion for the year, up 32% from 2022.
The firm's strategists advised investors to stick with U.S. equities.
Goldman's equity shop is now poised to post its biggest lead over Morgan Stanley in years.
Many market prognosticators were caught wrong-footed last year by predictions that the US stock market would bottom in 2023.
Citing a changed business environment, the firm is letting go of 600 employees and shifting resources.
Momentum from the Fed's dovish shift last month may power the stock market well into the year, the firm's strategists said.