Why Goldman Sachs thinks stocks will rip even higher [Yahoo! Finance Canada]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: Yahoo! Finance Canada
It appears the investment bank thinks the stock market rally from the war lows is only just beginning. What Goldman Sachs is projecting: Goldman strategist Ben Snider believes the S&P 500 ( ) will rise 7% from current levels to end the year at 7,600. "The US equity market should continue to make new highs in coming months on the back of continued earnings growth," Snider said. The market stats behind the latest rally: Markets have shrugged off fears of slowing US growth amid $4-a-gallon gasoline and higher oil prices, hitting new highs a week ago. The S&P 500 has rallied by 12% since March 30, its sharpest rise since April 2020 and, before that, March 2009. Snider pointed out that "the experiences of 2009, 2020, and 2025 are reminders that forward-looking equities often rebound before the 'all clear' on hints of improvement in the outlook." Good reminder. How Goldman thinks investors should be positioned: Snider said investors might venture back into growth stocks that are now t
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Earnings
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