The recent drawdown in the S&P 500 (SPY) is a minor one compared to historical norms, says...

|By:, SA News Editor

The recent drawdown in the S&P 500 (SPY) is a minor one compared to historical norms, says Goldman in a research note today. While reiterating its view of a 1,750 closing level this year for the index, the team expects there could be another 3-5% down in this current move.