US-China trade negotiations ignite optimistic sentiment, Goldman Sachs expects US stocks to rise another 11%
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Goldman Sachs strategists expect the S&P 500 index to reach 6,500 points in the next 12 months, up from the previous forecast of 6,200 points, indicating an increase of about 11%. The easing of U.S.-China trade tensions has driven a rebound in U.S. stocks, with traders betting on the U.S. avoiding an economic recession. Despite rising optimistic expectations, Goldman Sachs remains cautious about economic growth and corporate earnings prospects, recommending a focus on stocks of companies with strong pricing power
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