Goldman Sachs Abruptly Lifts Target for S&P 500 as US and China Agree To Reduce Tariffs by 115%: Report
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Goldman Sachs has raised its one-year target for the S&P 500 from 6,200 to 6,500, predicting an 11% rally following a trade deal between the US and China that significantly reduces tariffs. The agreement is seen as alleviating recession risks and market uncertainty. However, while remaining bullish long-term, Goldman warns that the recent rally may lose momentum after reaching their short-term target of 5,900, with the S&P 500 currently trading at 5,886.
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