S&P 500 Falls 2.6% on Friday, Goldman Sachs Partners See 'Healthy Correction' and Buying Opportunity

SPX500-0.05%
According to Goldman Sachs, on Friday, June 5, the S&P 500 fell 2.6%, ending a nine-week winning streak, while the Philadelphia Semiconductor Index plunged over 10% in its worst single day since March 2020. John Flood, Goldman Sachs partner and head of equity execution services for the Americas, told Bloomberg the selloff represents a healthy adjustment and a buying opportunity. Flood noted that such 2% corrections in the S&P 500 have historically rewarded buyers and stated the index has a "clear path" to 8,000 this year, adding that "there aren't many opportunities to buy on weakness in 2026." Goldman Sachs data shows retail investors have maintained continuous net buying of U.S. stocks since March 2020, and mutual funds retain cash levels near historical averages, suggesting liquidity remains available for deployment.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments