Analysts at Goldman Sachs remain upbeat on the global equity markets, despite the recent correction, citing that “markets have reached "danger zone" levels yet.”

“While it has not reached danger zone levels that typically precede a bear market (a fall of at least 20%), it has reached levels which have typically been consistent with corrections and relatively low returns over the next one and five years.” Goldman Sachs noted.

Related reads

• Tesla Stock Price and Forecast: TSLA earnings preview
• The Nasdaq is pulling back and retesting its lows