Goldman Sachs says it is usually profitable to buy after a 5% drop in the S&P 500 index

China Finance Online
2024.08.06 10:05
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Goldman Sachs strategists have stated that over the past 40 years, buying after a 5% drop in the S&P 500 Index has usually been profitable, with a median return of 6%. They believe that the U.S. stock market has not yet priced in expectations of an economic downturn, and that while large-cap tech stocks have seen a decline in valuations, they still reflect optimism about artificial intelligence. They expect that the adjustment is not yet over, but a bear market can be avoided. This is investment research information related to buying after a stock market decline