Goldman Sachs: Earnings from asset-heavy stocks are expected to lead rally funds into a "protracted war"

On July 7, Goldman Sachs Group strategists believed that capital-intensive companies are expected to deliver solid earnings results this earnings season, further outperforming those asset-light counterparts who rely more on human or digital assets. A team of Goldman Sachs strategists led by Guillaume Jaisson pointed out: "A world where investors have regained strategic importance to physical assets, infrastructure and industrial capacity is still under-allocated."