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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