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Goldman Sachs raise their target for the S&P500 to 4000 in 3 months (from 3600 prior)

Goldman Sachs raise their target for the S&P500 to 4000 in 3 months (from 3600 prior)

Goldman Sachs are citing better macroeconomic developments, and say that their confidence in a soft landing, not a recession, for the US economy has strengthened.

And:

  • risks of substantial near-term fall in the S&P500 have diminished
  • 3 month target revised to 4000, from previous forecast at 3600
  • after that upside is limited, year-end target is also 4000

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SPX update, daily chart, not far from 4000 is it?

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Posted: Feb 6 2023, 02:58
Author Name: forexlive
Views: 112340

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