Skip to content
Subscriber Only

Goldman, Deutsche Say U.S. Stock Selloff May Be Close to an End

Bloomberg business news
Tech Stocks Present 'Golden Buying Opportunity': Analyst Ives

The recent pullback in U.S. stocks could be close to an end if history is a guide, according to strategists at Goldman Sachs Group Inc. and Deutsche Bank AG.

Its magnitude has matched a “typical” selloff in the S&P 500 since the financial crisis, albeit at a faster pace, wrote a team led by Goldman’s David Kostin in a note Friday. And options positioning -- at the core of the weakness -- has normalized, noted their counterparts at Deutsche including Srineel Jalagani the same day.