John Flood: US stock market plunge is a healthy correction, with few buying-on-dip opportunities this year

OdailyOdaily Planet Daily reported that Goldman Sachs partner and head of Americas Equity Execution Services, John Flood, stated that Friday's sharp decline in the US stock market represents a buying-on-dip opportunity. The technical characteristics of this correction are more in line with a healthy adjustment, primarily driven by profit-taking ahead of the weekend and market expectations of increased new stock supply. He noted that the recent market pullback looks more like a normal correction within a bull market rather than a trend reversal. The market remains concerned about inflationary pressures, Iran-related geopolitical risks, and potential uncertainties in the private credit market, indicating that investors have not yet fallen into excessive optimism. Flood stated that there is a clear path for the S&P 500 index to reach 8,000 points this year, and there are few opportunities to buy on dips. Historically, buying when the S&P 500 pulls back by 2% has often yielded returns.