Goldman Strategists Say Tech Selloff Was No Bear Market Signal
- Macroeconomic backdrop remains supportive of risk assets
- Strategists recommend diversification within and beyond US
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The tech-led selloff in US equities at the start of this week was just a blip, given the positive outlook for the economy, according to Goldman Sachs Group Inc. strategists.
Shock among investors at the rapid adoption of Chinese startup DeepSeek’s cheaper AI model wiped almost $1 trillion off the value of the Nasdaq 100 Monday. That slump isn’t a harbinger of a sustained decline in stocks, the Goldman team led by Peter Oppenheimer wrote in a note.