Goldman gives its four end-of-year scenarios, from a megacap super rally to a recession-fueled decline

Goldman gives its four end-of-year scenarios, from a megacap super rally to a recession-fueled decline

Goldman Sachs has presented four stock market predictions for how the year could end. Wall Street is fast approaching the midpoint of 2024, with investors finding the stock’s performance so far surprising. The S&P 500 is up 14% already this year, passing 5,400 for the first time, already beating many strategists’ year-end forecasts. However, this … Read more

Raging bull market hasn’t peaked yet, says BofA

Raging bull market hasn't peaked yet, says BofA

Stocks have soared to record highs this year on the back of an unexpectedly resilient US economy and a euphoric AI boom. Defying Wall Street’s already buoyant — and still bullish — forecasts, the S&P 500 is up more than 15% year-to-date, while the tech-powered Nasdaq is up roughly 20% as big tech continues grow. … Read more