ICYMI - Goldman Sachs ramped up its forecasts for the S&P 500, to 6600 from 6100 ...Middle East

I posted the forecast yesterday:

Goldman Sachs raises 3-, 6-, and 12-month S&P 500 forecasts

Adding a little more now:

"A resilient outlook for 2026 earnings growth, the resumption of Fed rate cuts, and neutral investor positioning argue for further market upside as the recent narrow rally broadens" Earlier and deeper Fed easing and lower bond yields than we previously expected, continued fundamental strength of the largest stocks, and investors' willingness to look through likely near-term earnings weakness support our revised S&P 500 forward P/E forecast of 22x (from 20.4x).”"Recent inflation data and corporate surveys indicate less tariff pass-through so far than we expected" "We expect the digestion of tariffs to be a gradual process, and large-cap companies appear to have some buffer from inventories ahead of the increase in tariff rates" This article was written by Eamonn Sheridan at www.forexlive.com.

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