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The S&P 500 was valued at 4719 points at the conclusion of business on December 15, meaning that the index is expected to expand by roughly 9%. The index grew by 22.9% since the start of 2023 and is quite close to reaching an all-time high.
According to David Kostin, chief strategist for U.S. equities at Goldman Sachs, the stock market will be supported by the anticipated loosening of monetary policy and a decrease in inflation.
Although the expert admits that growth could be much greater if monetary policy were to loosen, it nevertheless projects a 5% increase in profits for S&P 500 index businesses by 2024.
Kostin also mentioned how high interest rates have allowed money funds to raise $1.4 trillion since the year's commencement. He noted that these funds might eventually go into stocks.
source: bloomberg.com
According to David Kostin, chief strategist for U.S. equities at Goldman Sachs, the stock market will be supported by the anticipated loosening of monetary policy and a decrease in inflation.
Although the expert admits that growth could be much greater if monetary policy were to loosen, it nevertheless projects a 5% increase in profits for S&P 500 index businesses by 2024.
Kostin also mentioned how high interest rates have allowed money funds to raise $1.4 trillion since the year's commencement. He noted that these funds might eventually go into stocks.
source: bloomberg.com
