Goldman Sachs still like US stocks – upside risks look greater than the downside risks

Ben Snider, senior strategist on Goldman’s US portfolio strategy team, spoke in an interview:

• fundamental backdrop for share prices remains “very good,”
• cites strong earnings from US companies, confidence in continuing disinflation
• upside risks look greater than the downside risks at this point … one very clear upside risk is will have to raise earnings forecasts further
• bullish over the long term but expects little to no gains from here in 2024 (the S&P 500 Index already is higher than Goldman’s year-end target of 5,200)

Info comes via Bloomberg, gated.

This article was written by Eamonn Sheridan at www.forexlive.com.