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Goldman Sachs: Stock market volatility will gradually decrease
On August 12, Jinshi Data reported that the team led by David Kostin of Goldman Sachs stated that historical analysis of economic rise panic indicates that stock correlation and volatility will only gradually return to ‘normal.’ The team stated that the recent failure has shifted the market’s focus from micro-driven factors that drove the rebound in the first half of the year to macro-driven factors. In a recent report, they wrote, ‘If concerns about the economy diminish, then the recent dumping implies an opportunity to purchase fundamentally healthy stocks at a valuation discount.’