The S&P 500 is facing rate chaos and narrow breadth. Why one Goldman Sachs insider is still bullish on stocks.
Stocks are not expensive in an historical context, seasonal factors are supportive and Goldman Sachs hedge fund research forecasts a record high for the S&P 500 before year-end.
The S&P 500 is not considered expensive historically and has supportive seasonal factors. According to Goldman Sachs hedge fund research, the index is expected to reach a record high before year-end.
A Goldman Sachs insider remains bullish on stocks despite rate chaos and narrow breadth. The insider cites the S&P 500's current valuation and seasonal trends as reasons for optimism.
The reports did not provide additional information on the current state of the S&P 500 beyond the insider's bullish forecast. MarketWatch and MarketWatch Top shared identical reports stating that stocks are not expensive historically and that Goldman Sachs expects a record high for the S&P 500.
Brief written by urgent.news from MarketWatch Top, MarketWatch, Investing.com — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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