A new bull-market will be born later this year: Goldman Sachs

As the Dow Jones Industrial Average (DJIA) and the S&P 500 sank into a bear phase with the indices plummeting over 5 per cent each on Wednesday, analysts at Goldman Sachs expect a new ‘bull-market’ will be born later this year.

Typically, a stock or index is said to be in a bear phase if the benchmark extends its decline to 20 per cent. The DJIA has slipped 20.3 per cent from its February 12 high, while the S&P 500 has shed 19.04 per cent from the February 19 record high.

“The current bull market ranks as the longest in history. It