Bharat RanjanGoldman Sachs’ chief equity strategist David Kostin doesn’t think stocks are going anywhere for the rest of the year. In a note to clients over the weekend, Kostin and his team outlined 4 main reasons why the S&P 500 probably won’t do much of anything for the rest of the year and finish at 2,100. On Monday morning, futures were indicating […]
It’s hard to spot an asset price bubble, especially if you’re in the midst of one. Usually, people find out they’re in a bubble only after it bursts.Goldman Sachs’ David Kostin offers this interesting stock market chart in a new note to clients. It’s a favorite of his.It shows the sector composition of the S&P 500 by market cap since […]
REUTERS/Brendan McDermidTraders work on the floor of the New York Stock Exchange, Nov. 5, 2010.US presidents don’t usually talk about stocks.But when they do, everyone listens. Because, who wouldn’t love to remind everyone that the President of the United States, like us, is terrible at making stock market calls.However, it turns out that President Barack Obama made one of the […]
Myles Udland
Nov. 27, 2014, 8:00 AM
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Bloomberg TelevisionGoldman Sachs’ David Kostin sees just modest gains for the S&P 500 in 2015.It’s still November, but Wall Street is already looking ahead to next year.Over the last few weeks, several outlooks for 2015 have rolled in, and so far, we’ve gotten outlooks from 8 of the biggest stock market gurus on Wall Street.Expectations […]
BloombergOppenheimer’s John StoltzfusSee AlsoGOLDMAN: The Stock Market In 2015 Will Be … MehUBS On Stocks: ‘Roll Tide, Roll…’CITI: Our Asian Clients Can’t Believe We’re Not More Bullish On US StocksAfter seeing the S&P 500 surge 210% from its March 2009 low, Wall Street’s stock market strategist have become increasingly conservative with their forecasts. Most see single-digit returns in 2015.Oppenheimer’s John […]
Sam Ro
Jul. 14, 2014, 7:52 AM
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Goldman Sachs
Goldman Sachs has finally revised its year-end target for the S&P 500.
In a new note to clients, strategist David Kostin writes that he now expects the S&P 500 to end the year at 2,050, up from his previous target of 1,900.That’s a modest 4.2% gain from Friday’s close of 1,967.”We expect the equity rally […]
Asset bubbles are notoriously difficult to identify as they are happening. Often times, they only become clear in hindsight.Having said that, Goldman Sachs’ David Kostin offers an interesting stock market chart in his team’s new US Quarterly Chartbook.It shows the sector composition of the S&P 500 by market cap since 1974. As you can see, sector bubbles manifest when […]
