[Goldman Sachs: Stock Market Faces 'Speed Bump Risk'] According to a report by Jinse Finance, on May 19, Goldman Sachs strategists stated that despite the macroeconomic impact caused by the Middle East war, the stock market has climbed to record highs. However, the risk of a pullback is increasing, particularly due to surging inflation. The team led by Peter Oppenheimer noted: 'If the disruption in oil supply persists into the second half of this year and inflation expectations rise further, the stock market indeed faces a "speed bump risk."' The current stock market rally has been driven by strong earnings, with global nominal GDP growth expected to reach 5.9% in 2026, compared to 4.7% in 2025.