This is a bubbling up of economic activity with inflation in check, expert says

• Economic activity is 'bubbling up' with strong GDP estimates (Q4 over 5%, 2026 closer to 3%) and inflation generally in check.
• The market is broadening beyond mega-cap tech, with a focus on cyclical sectors and previously ignored tech areas like semiconductor capital equipment.
• Investors should consider 'workwear' consumer goods due to changing weather patterns, but avoid luxury retail due to a potential slowdown in high-end spending.

Goldman Sachs Asset Management's Greg Tuorto discusses a 'reflation' paradigm in the market, driven by strong economic data and controlled inflation. He highlights a broadening market approach, favoring cyclical sectors, overlooked tech areas like semiconductor equipment, and 'workwear' consumer goods, while advising caution on luxury retail.