Investing Focus: S&P 500 Predictions and Stock Market Trends
Investing Perspective: Goldman Sachs Forecasts S&P 500 Surge
With the S&P 500 hitting new record highs, Goldman Sachs has revised its outlook for the index, setting a target of 6,000 points by the end of 2024. Initially, a target of 5,600 was established, but the recent revision reflects a promising 4% upside.
Market Dynamics and Predictions
Despite macroeconomic concerns and geopolitical tensions, the stock market rally continues. Goldman Sachs’ Tactical Expert forecasts a 12-month price target for the S&P 500 at 6,300, anticipating a 10% return from current levels.
- Year-End Rally Expected: Historical data suggests a positive trend after October.
- Unfavorable seasonal factors fade after October 27.
- Equities typically rally post-U.S. presidential elections.
Rubner, Managing Director, states: “I am bullish on U.S. equities for a year-end rally starting on October 28th. I am worried that my 6K target is too low.”
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.