Goldman Sachs sees S&P 500 rising to 8,700 next year despite slower earnings growth Reuters
Goldman Sachs sees S&P 500 rising to 8,700 next year despite slower earnings growth - Reuters
In short
The investment bank expects the S&P 500 benchmark to advance to 8,700 over the course of next year. This anticipated market rise is projected to materialize despite forecasts of slowing corporate earnings growth. The assessment suggests that equity price appreciation can decouple from decelerating bottom-line corporate performance during the upcoming year.
Key points
- Market forecasters anticipate equity benchmarks will reach new highs over the coming year.: Market forecasters anticipate equity benchmarks will reach new highs over the coming year.
- Decelerating earnings growth is not expected to completely halt the broader market's upwa…: Decelerating earnings growth is not expected to completely halt the broader market's upward trajectory.
- Investment bank projections point to resilient market performance despite headwinds facin…: Investment bank projections point to resilient market performance despite headwinds facing corporate earnings expansion.