Goldman Sachs: US economic outlook downgraded, Fed rate cut expectations still supporting the stock market
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Goldman Sachs lowered the outlook for the US economy, but the S&P 500 index remains near historical highs due to expectations of a rate cut by the Federal Reserve. It is expected that the Fed will cut rates by 25 basis points this week, with a total cut of 200 basis points by 2026. The year-end target price for the S&P 500 remains at 5600 points, with 6-month and 12-month target prices at 5700 points and 6000 points respectively. Costin pointed out that the market expects economic growth to be around 3% and mentioned the positive impact of rate cuts on the stock market historically
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