Peter Oppenheimer, Goldman Sachs' chief global equity strategist, stated that given the significant returns of the S&P 500 over the past year and year-to-date, he anticipates equity returns in the mid-to-high single digits percentage over the next 12 months, which would be lower than the past 12 months. He noted an intensified global government bond sell-off, with the US 10-year government bond yield recently hitting a new high since 2023, the 30-year yield approaching a two-decade high, and bond yields climbing globally. Furthermore, crude oil prices have once again surpassed $90/barrel, driven by geopolitical tensions, and surging energy costs are propagating into broader economic sectors, pushing up input prices for transportation, agriculture, and manufacturing. Analysts believe that higher oil prices are driving up yields, and these higher yields are now exerting pressure on equity markets.