Goldman Says Buying S&P After 5% Drop Is Usually Profitable

What You Need To Know

• Returns after a 5% decline have been positive in 84% of episodes, the firm's research shows.
• But U.S. equities are still not pricing in an economic contraction, the Goldman Sachs strategy team says.
• A JPMorgan analyst believes stocks haven't bottomed yet, and a 10% correction in the S&P 500 is likely.