‘Choppy In Coming Months’
The S&P hit Goldman's year-end target this week. And then it kept on going.
Eventually, if US equities continue to run, sell-side strategists whose targets are antiquated will likely "mark to market," as it were. But for their part (and for now), Goldman is sticking to 4,300 for year-end.
In his latest, the bank's David Kostin outlined "strategies for H2 when the S&P 500 will be flat." I found that language somewhat amusing -- "will be," as though "flat" is a foregone conclusion.
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It’s the Fourth and the 10yr is at 1.43 — and falling. Weren’t many analysts who got that right. It would appear the bond “vigilantes” have decided no amount of stimulus — check that, no amount that Democrats are able to pass — will keep the reflation trade alive past 4Q. S&P might not trade “flat” from then till now, but 4,300 — and 1.25 on the ten — might not be the craziest call.
I suggest recycling the title by adding numerology. You coulld start with a or alpha like virus or just use the date to version the title. Afterall stocks will be flat till end of year.
Instead of every investor having a definitive view of how the market will unfold, how about having a plan for it going one way or the other
Splendid idea !!! Would be very interesting having several scenario’s !