Reported 1 day ago
Goldman Sachs strategists have downplayed the recent tech-led selloff in US equities, stating it does not indicate the onset of a bear market. They attribute the decline, which saw nearly $1 trillion wiped off the Nasdaq 100, to temporary investor reactions rather than economic fundamentals. With the expectation of low recession risk and moderating inflation, the strategists believe that stock market weaknesses will be limited, highlighting the resilience of the market driven by strong fundamentals.
Source: YAHOO