Goldman Sachs: Recent Risk Asset Pullback Is a Buying Opportunity, Not the Beginning of a Long-Term Bear Market

BlockBeats News, March 5 — Amid global market turbulence, Goldman Sachs is taking an contrarian bullish stance, believing that the recent market correction is a buying opportunity rather than the start of a long-term bear market. This optimism is based on the institution’s positive outlook for the "recovery" of circulation around the Strait of Hormuz. In a report released on Wednesday, Peter Oppenheimer’s Goldman Sachs strategy team wrote that although risk assets face "significant resistance" from concerns over the Middle East war and disruptive AI impacts, the resilience of economic fundamentals and strong corporate earnings growth suggest that the depth and duration of this correction will be limited. Goldman Sachs’ optimism about the global markets largely hinges on expectations that the energy supply chain will recover quickly. Goldman Sachs’ chief oil strategist Daan Struyven predicts that oil transportation through the blocked Strait of Hormuz will remain at very low levels over the next 5 days, then recover to 70% of normal capacity within two weeks, and achieve full normalization at 100% in four weeks.