Why Wait for a Crash? These 3 ‘Strong Buy’ Stocks Are Already Down Over 20%

Why Wait for a Crash? These 3 ‘Strong Buy’ Stocks Are Already Down Over 20%

How are we going to find a way forward in today’s market environment? The general trend is upwards – the S&P 500 has gained 20% so far this year, and the NASDAQ is close behind at 19% – but market strategists at Goldman Sachs are predicting a pull back before the end of the year, and have scaled back their growth forecast for the S&P to from 6.2% to 5.7%. August’s weak jobs report and rising inflation prompted their shift.

Looking at the headwinds, Goldman’s Ronnie Walker says, “The Delta variant is already weighing on Q3 growth, and fading fiscal stimulus and a slower service-sector recovery will both be headwinds in the medium term.”