Goldman Sachs sees S&P 500 rising to 8,700 next year despite slower earnings growth
· economictimes.indiatimes.com
According to Goldman Sachs, the S&P 500 index may reach 8,700 points within the next year, despite a decline in tech shares after the midterm elections in the US. They foresee a notable deceleration in global earnings growth by 2027, mainly in the US. Nevertheless, Goldman remains optimistic about equity valuations, indicating good returns are possible, and they have revised ratings for different regions while bracing for increased volatility.
Synopsis
According to Goldman Sachs, the S&P 500 index may reach 8,700 points within the next year, despite a decline in tech shares after the midterm election...