Goldman Sachs strategists said that European and other overseas stock markets may continue to outperform the US stock market at present, and they have reiterated the proposal to diversify investments into assets outside the US. Peter Oppenheimer's team wrote in the report that the average correlation between national stock markets has fallen to its lowest level since the 1990s. However, they said that any further reduction in US economic growth expectations may also hurt overseas stock markets. “If the main reason for the further correction in US stocks is concerns about economic growth rather than dominant technology stocks, then historical performance shows that other markets will fall as well.”

Goldman Sachs strategists said that European and other overseas stock markets may continue to outperform the US stock market at present, and they have reiterated the proposal to diversify investments into assets outside the US. Peter Oppenheimer's team wrote in the report that the average correlation between national stock markets has fallen to its lowest level since the 1990s. However, they said that any further reduction in US economic growth expectations may also hurt overseas stock markets. “If the main reason for the further correction in US stocks is concerns about economic growth rather than dominant technology stocks, then historical performance shows that other markets will fall as well.”