Goldman Sachs has announced an upgrade to its expectations for the performance of the S&P 500 index in the upcoming periods, based on positive factors related to monetary policy and the performance of major companies.
According to the new forecasts, the bank expects the S&P 500 index to rise by 3% to reach 6400 points within 3 months, and an increase of 6% to 6600 points within 6 months, continuing its gains to reach 6900 points with an increase of 11% over 12 months.
Goldman Sachs attributed these positive adjustments to two main factors:
Increasing expectations that the Federal Reserve (the U.S. central bank) will cut interest rates at a faster and deeper pace than previously anticipated. The continued strength of performance among the largest stocks listed in the S&P 500, particularly in the technology, healthcare, and financial services sectors.
