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.”

Related reads

• Wall Street Week Ahead: No jobs, no taper, no rally. Can earnings change things?