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It's not even the new year and Goldman Sachs has already lifted its S&P 500 target

Por: MarketWatch Business December 18, 2023

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“Decelerating inflation and Fed easing will keep real yields low and support a P/E [price/earnings] multiple greater than 19 times,” Kostin and his team told clients in a report that published late Friday. Since late October, the S&P 500 and the Russell 2000 have gained a respective 15% and 23% as real rates have dropped to 1.7% from 2.5%, he noted. The bank’s prior 2024-end S&P 500 forecast assumed yields of 2.3% and a P/E of 18 times.... + full article



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