Goldman Sachs partner: U.S. stock market plunge is a "healthy adjustment" There are not many opportunities for such bargain hunting this year

On June 6, U.S. stocks fell sharply on Friday. John Flood, a partner at Goldman Sachs and head of American equity execution services, bluntly said that this was a good opportunity to bargain on bargains. Flood pointed out that the technical characteristics of the correction are more in line with a healthy adjustment, driven mainly by profit-taking before the weekend and market expectations of an increase in the supply of new shares, and is the type of sell-off that historically has usually rewarded buyers. He said that the recent market pullback is more like a normal correction in a bull market than a trend reversal. Regarding the market's continued concerns about inflationary pressures, Iran-related geopolitical risks, and hidden uncertainties in private credit markets, he believes that the market's ability to maintain these doubts shows that investors have not yet fallen into excessive optimism. This kind of caution is often seen as a sign of healthy market performance rather than a sign of a collapse of confidence. Flood made it clear that the S & P 500 index has a clear path to hit 8000 points this year. He said that there are not many opportunities to buy on dips this year. Historically, buying often pays off when the S & P 500 retracts 2%, and this rule will continue to hold.