An S&P correction exceeding 10% will inflict pain on global stocks, Goldman says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 13 2025
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Source: SeekingAlpha
Market Correction Concerns: Goldman Sachs warns that a deeper correction in the S&P 500, currently down over 9%, could lead to declines in global equities, as historical trends show that all stock markets typically fall during significant corrections.
Relative Market Performance: Despite potential U.S. market downturns, European and Asian markets have shown resilience, with the STOXX Europe 600 gaining 5.8% and Hong Kong's Hang Seng rising 17%, suggesting opportunities for investors through global exchange-traded funds.
Analyst Views on PGJ
Wall Street analysts forecast PGJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PGJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 29.763
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Current: 29.763
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
