US stocks are forecast by Goldman Sachs Research to have a modest return next year, as above-consensus economic growth is partly offset by high equity valuations. The S&P 500 index is expected to rise to 4700 by the end of 2024, representing a price gain of about 5% and a total ...
Almost every top strategist tracked by Bloomberg boosted their S&P 500 targets at least once this year after the index shot through them. When the targets were first published in late 2023, even the most bullish forecasters at the time — Fundstrat’s Tom Lee and Oppenheimer’s John Stoltz...
We develop an iterative and efficient information-theoretic estimator for forecasting interval-valued data, and use our estimator to forecast the SP500 returns up to five days ahead using moving windows. Our forecasts are based on 13 years of data. We show that our estimator is superior to its...
Full-year growth expectations for 2023 are currently 2.3%, the lowest since 2020 and below the long-term average of 7.8%. Q3 is also expected to be a small contributor to the full-year growth rate with a forecast y/y growth rate of 1.3%. Instead, the bulk of grow...
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This visual is part of our 2024 Global Forecast Series. For full access to the series, learn more here. Twitter Facebook LinkedIn Reddit Pinterest Email Visualizing 150 Years of S&P 500 Returns 2023 was supposed to be a tough year for stocks. However, consumers shrugged off higher interest ...
In fact, among the forecasters surveyed by Bloomberg, Lee’s call in 2023 turned out to be the most accurate. And this year, he’s still calling his shots and nailing them. In early June, he said the S&P 500 would hit 5,500 by the end of the month. As of Friday’s ...
The S&P 500's daily forward price-to-earnings ratio, a measure of the index's relative value based on forecast earnings, settled at 20.75x on Jan. 24, up from the most recent low of 17.78x on Oct. 27, 2023, when the ongoing rally in large ...
to Ukraine, Israel, and the Indo-Pacific region, along with the Biden administration's spending on student loan relief and Medicaid. By the end of 2034, public debt is expected to total $50.7 trillion, or 122% of GDP, compared to February's forecast of $48.3 trillion, or 116% of GDP...
Goldman Sachs just raised itsS&P 500 index forecastfor 2024 to 6,000 up from 5,600 to reflect expected earnings growth. Tom Lee, Fundstrat Global Advisors managing partner and head of research, also recently told CNBC he's calling for a target of 6,000 for the S&P 500...