Stock Market Rally For 2024 Has Peaked, Goldman Sachs Forecasts 'Flat Return From Now Till The End Of The Year'
Portfolio Pulse from Benzinga Neuro
Goldman Sachs predicts that the stock market rally for 2024 has peaked, forecasting a flat return for the S&P 500 for the rest of the year. The firm cites high valuations and limited economic and earnings growth as reasons for the stagnation. However, potential Federal Reserve interest rate cuts could alter this outlook.
May 16, 2024 | 2:54 am
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NEUTRAL IMPACT
Goldman Sachs predicts a flat return for the S&P 500 for the rest of 2024, citing high valuations and limited economic and earnings growth.
Goldman Sachs' forecast directly impacts investor sentiment and market expectations. The firm's high valuation and limited growth outlook suggest a neutral short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Goldman Sachs forecasts a flat return for the S&P 500 for the rest of 2024, citing high valuations and limited economic and earnings growth.
The S&P 500 is expected to see a flat return for the rest of the year according to Goldman Sachs. This neutral outlook is based on high valuations and limited growth, impacting the SPY ETF.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100