Goldman Sachs Says Bull Market Intact, Stock Selloff Not yet in ‘Danger Zone’

Goldman Sachs Says Bull Market Intact, Stock Selloff Not yet in ‘Danger Zone’
Traders work on the New York Stock Exchange floor in New York, on Jan. 20, 2022. Courtney Crow/New York Stock Exchange via AP
Tom Ozimek
Tom Ozimek
Reporter
|Updated:

Goldman Sachs said in a note that recent stock battering is likely a correction within an ongoing secular bull cycle and that the depth of selloff has not yet plumbed the bear market “danger zone.”

“While it has not reached danger zone levels that typically precede a bear market (a fall of at least 20 percent), it has reached levels which have typically been consistent with corrections and relatively low returns over the next one and five years,” the Wall Street investment bank said in the Jan. 25 note.

Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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