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Goldman, Citi Strategists Say It’s Now Time to Buy Stocks Rout

  • BofA, Wells Fargo strategists also see buying opportunity
  • S&P 500 Index narrowly avoided a correction on Tuesday
Bloomberg business news
Goldman: Risk of a 'Growth Shock' to Equities Increasing

After a selloff that put global stocks on course for their worst month since the start of the pandemic, strategists from Goldman Sachs Group Inc. to Citigroup Inc. say it’s now time to buy.

“Any further significant weakness at the index level should be seen as a buying opportunity, in our view,” Goldman strategists including Peter Oppenheimer wrote in a note on Wednesday. Citi strategists including Robert Buckland, meanwhile, said that the “rapid de-rating of growth stocks may slow as real yields stabilize.”