Goldman Sachs: Recent Risk Asset Pullback is a Buying Opportunity, Not the Start of a Long-term Bear Market
BlockBeats News, March 5th, according to Wall Street News, amid global market turbulence, Goldman Sachs goes against the trend and believes that the recent market pullback is a buying opportunity rather than the beginning of a long-term bear market, behind this is the firm's optimistic expectation for the "four-week recovery" of the Strait of Hormuz circulation.
Goldman Sachs' strategy team, led by Peter Oppenheimer, wrote in a report on Wednesday that although risk assets are facing "significant resistance" from concerns arising from the Middle East conflict and AI disruptive impact, the resilience of economic fundamentals and strong corporate profit growth mean that the depth and duration of this pullback will be limited.
Goldman's optimism about the global market is largely based on the expectation of a rapid recovery in the energy supply chain. Goldman's Chief Oil Strategist, Daan Struyven, expects that blocked oil shipments in the Strait of Hormuz will remain at the current extremely low level in the next 5 days, then recover to 70% of normal volumes within two weeks, and achieve 100% full normalization in four weeks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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