Goldman Sachs: 10 reasons the bull market has further to run – CNBC

Financial professionals sit in the Goldman Sachs booth on the floor of the New York Stock Exchange.

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Although global markets have been pulling back after a remarkable recovery run since March’s coronavirus-induced plunge, Goldman Sachs insists the bull market is not over yet.

Global stocks have been roiled in recent sessions by a sudden plunge in the dominant U.S. tech sector, which has driven the broad equity market recovery seen over the past five months.

In a research note Tuesday, Goldman’s Chief Global Equity Strategist Peter Oppenheimer said that although a near-term setback was likely, there were 10 reasons why the rally has further to run.

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