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Goldman Strategists Say Tech Selloff Was No Bear Market Signal


Published on 2025-01-29 10:41:23 - bnnbloomberg
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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.

The article from BNN Bloomberg discusses insights from Goldman Sachs strategists who argue that the recent selloff in technology stocks does not signal the beginning of a broader bear market. They highlight that the tech sector's decline was driven by specific factors such as high valuations, disappointing earnings from some tech giants, and a shift in investor sentiment towards sectors that had previously underperformed. The strategists point out that while tech stocks experienced significant drops, other sectors like energy and financials showed resilience or even gains, suggesting a sector rotation rather than a market-wide downturn. They also mention that economic indicators remain relatively strong, with no immediate signs of a recession, further supporting their view that the tech selloff is not indicative of a systemic market issue.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/2025/01/29/goldman-strategists-say-tech-selloff-was-no-bear-market-signal/ ]