Wall Street bulls are starting to admit the earnings bubble is real—and the 60/40 portfolio may be the first casualty

Goldman’s chief global equity strategist Peter Oppenheimer said, “There does not appear to be a valuation bubble, but there may be an earnings bubble.

Source: [Fortune](https://fortune.com/2026/08/03/60-40-investing-strategy-broken-earnings-bubble-big-tech-goldman-apollo/)