Goldman and JPMorgan Say Buy the Dip as Inflation Seen Temporary By Bloomberg – Investing.com

Goldman and JPMorgan Say Buy the Dip as Inflation Seen Temporary By Bloomberg – Investing.com

(Bloomberg) -- Stagflation fears may be rising, but strategists at some of Wall Street’s biggest banks say it’s a good time to buy the dip in stocks.

“Despite near-term uncertainty, we expect the equity market will continue to rally as investors gain confidence that the current pace of inflation is transitory,” Goldman Sachs Group Inc (NYSE:). strategists led by David J. Kostin wrote in a note to clients.

Strategists at JPMorgan Chase & Co. (NYSE:) led by Mislav Matejka concurred, writing that stagflation fears will start to fade.