The Goldman executive listed extremely low interest rates, a "terrific" energy situation which can drive manufacturing and create jobs, and an ongoing turnaround in housing as reasons to be bullish. But he cautioned that the U.S. needs good policies to make sure it can benefit from those advantages.
"A million things can go wrong but what people under-assess is things could go right," Blankfein said. With the U.S. stock market flirting with all-time highs, he added, "The equity market could very well have it right."
Blankfein's comments come just after his firm turned neutral on global equities in the near-term, saying the market will need to digest recent gains. But the firm maintains an "overweight" rating on global stocks over the next 12 months.