Goldman Sachs Group Inc. strategists, led by Andrea Ferrario, have analyzed the future of the US stock market and have determined that the chances of it entering a bear market within the next year are low.
They believe that there is only an 18% probability of a decline exceeding 20%, which is the threshold for a bear market. Despite potential risks associated with the upcoming presidential election, the strategists remain optimistic due to the resilience of the US economy.
They believe that the strength of the economy will continue to support equity markets, providing stability for investors and alleviating concerns of significant downturns in the stock market.