IR Breakfast: Are Markets Defying Gravity? – A discussion with Goldman Sachs’ Chief Global and European Strategists
WEDNESDAY, JUNE 3, 2026
Wednesday, June 3, 2026
8.15 AM
Location
Goldman Sachs
Bahnhofstrasse 3
8001 Zurich
Presented by
Join us for a breakfast discussion with Goldman Sachs’ Peter Oppenheimer (Chief Global Equity Strategist) and Sharon Bell (Head of European Equity Strategy).
As markets globally continue to make new highs almost daily, beneath the surface, only a handful of sectors and companies are driving those gains. Peter points out that this rally is the narrowest the US market has seen in over 25 years, which is making many investors uneasy. In Europe, we’re seeing similar trends, those who miss earnings are getting hit harder than in past seasons. Peter’s base case? The world is changing: less globalization, higher deficits, and a higher cost of capital mean it’s time for more diversification, especially shifting focus towards ‘old economy’ value sectors, many of which are in Europe.
Peter C Oppenheimer
Peter is chief global equity strategist and head of Macro Research in Europe. He is a member of the Research Operating Group and the Structured Research Products Group. Peter joined Goldman Sachs in 2002 as European and global strategist and was named managing director in 2003 and partner in 2006.
Prior to joining the frm, Peter worked as a managing director and chief investment strategist at HSBC and was previously head of European strategy at James Capel. Prior to that, he was chief economic strategist at Hambros Bank. Peter began his career as an economist at Greenwells in
1985.
Peter is a Trustee of the Development Committee for the National Institute of Economic & Social Research. He is also a Trustee of The Anna Freud National Centre for Children and Families, a children’s nonproft dedicated to providing training and support for child mental health services. In addition, Peter is a member of the Motability Endowment Trust Investment Committee, a charity that helps people with disabilities with mobility. He is also a member of the Investment Committee of the Wolfson Foundation, a nonproft that supports and promotes excellence in science and medicine, health and disability, education and the arts, and a Trustee of the Weiner Holocaust Library, which is one of the world’s leading archives on the Holocaust. In addition, Peter is also an Advisory Board member at the Imperial Business School Centre for Responsible Leadership.
Peter is also the author of The Long Good Buy: Analysing Cycles In Markets and Any Happy Returns, Structural Changes and Super Cycles in Markets. Peter earned a BSc, frst class, in Geography from the London School of Economics in 1985.
Sharon E Bell
Sharon is a senior strategist on the European Portfolio Strategy team, which is responsible for STOXX Europe and FTSE 100 forecasts and thematic investment recommendations for the European equity market. She is co-head of the GIR Talent Council.
Previously, Sharon served as co-head of the EMEA Global Investment Research Women’s Network. She joined Goldman Sachs as an associate in 2002 and was named managing director in 2015. Prior to joining the firm, Sharon was an equity strategist at HSBC.
Sharon was a contributing writer to a paper titled “Unconventional Monetary Policy, UK Equities and Investor Flows” as part of The National Institute of Economic and Social Research (NIESR) Monetary Policy Roundtable.
Sharon earned a BSc in Economics from the University of Bath in 1996. She is a CFA charterholder.