- It's time to turn to value stocks like energy and healthcare as interest rates rise, according to Goldman Sachs chief US equity strategist.
- "Rates are moving higher, and therefore we're looking for value. That'll be the strategy and the playbook for this year," David Kostin told Bloomberg TV.
- Last year's market returns were unusually driven by macro factors, but that's starting to reverse this year, he added.
It's time to turn to value stocks from sectors such as energy and healthcare given interest rates are moving higher, according to Goldman Sachs chief US equity strategist David Kostin.