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- S&P 500: Buy the dips despite stagflation fears – Goldman Sachs
S&P 500: Buy the dips despite stagflation fears – Goldman Sachs
In the view of the strategists at Goldman Sachs, it’s a good opportunity to buy Wall Street stocks, including the S&P 500 index, despite the rising stagflation worries.
Key quotes
“Despite near-term uncertainty, we expect the equity market will continue to rally as investors gain confidence that the current pace of inflation is transitory.”
“We believe this dip will prove a good buying opportunity, as 5% pullbacks usually have in the past.”
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