Goldman Sachs raises S&P 500 price target to 6000, indicates bullish sentiment for U.S. equities.

From Investing.com: 2024-10-02 09:37:04

Goldman Sachs analysts raise the possibility that their S&P 500 price target of 6000 could be “too low,” indicating bullish sentiment for U.S. equities. A strong rally is expected to begin on October 28, despite near-term market volatility. Concerns over heightened volatility in the next three weeks are highlighted, with a significant drop in gamma indicating potential downside risk. Despite short-term worries, Goldman Sachs remains optimistic for year-end outlook, citing strong institutional and hedge fund investments. Corporate buybacks are on hold until October 25, but expected to resume in November and December, supporting further gains. Growing demand for Chinese equities is also noted by analysts.



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