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Goldman Says It's Time to Buy, Look Past Technical Reversal

  • David Kostin, chief strategist, remains bullish on stocks
  • Bank says buy cyclical equities on higher inflation, rates
Bloomberg business news
Stocks Rebound From Rout With Best Day Since 2016
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As the dust settles following the rout that erased $1 trillion from the value of U.S. stocks, Goldman Sachs Group Inc.’s chief strategist says there’s only one thing to do: Buy.

David Kostin said that while no single factor triggered the selloff, the timing coincided with a blackout period for companies buying back their own shares, something that historically has led to lower returns from equities.