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Goldman Says Buying S&P After 5% Drop Is Usually Profitable
By
Janet Levaux
News August 06, 2024 at 11:55 AM
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What You Need To Know
- Returns after a 5% decline have been positive in 84% of episodes, the firm's research shows.
- But U.S. equities are still not pricing in an economic contraction, the Goldman Sachs strategy team says.
- A JPMorgan analyst believes stocks haven't bottomed yet, and a 10% correction in the S&P 500 is likely.
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