STOCKS | Goldman Sachs Asset Management's Katherine Bordlemay Sees U.S. Stocks Grinding Higher

According to Wallstreetcn, Katherine Bordlemay, co-head of client portfolio management at Goldman Sachs Asset Management, said U.S. stocks are expected to continue moving higher in a choppy pattern, with sharp swings in individual stocks masking the surface calm in major indexes. She said earnings, rather than valuations, have become the main driver cushioning the stock market from rising U.S. Treasury yields, and she is upbeat on the market's unloved sectors, especially U.S. health care and developed international markets.