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Previously, on March 11, Kostin revised his prediction for the S&P 500 from 6,500 points at the end of 2025 to 6,200. He has now revised expectations downward to 5,700 points. The Goldman Sachs strategist pointed to the heightened risk of recession in the U.S. economy and the uncertainty related to U.S. President Donald Trump's import tariffs as factors for the revision of the decision.
The latest forecast indicates an increase of only 2% for the S&P 500 relative to the trading close on Friday, March 28, according to Bloomberg. At that time, the S&P 500 stood at 5580.94 points (-1.97%). Goldman Sachs' prediction ranks among the lowest on Wall Street, the agency notes.
Kostin cautioned that if growth expectations and investor trust worsen further, valuations might decline significantly more than anticipated. Goldman Sachs advises investors to look for a better growth outlook, anticipate more asymmetry in stock market pricing, or a reduction in market positioning before attempting to trade at the market low.
U.S. stock indices are declining as market players worry about the effects of Trump's trade conflict on the economy, Bloomberg reports.
source: bloomberg.com
The latest forecast indicates an increase of only 2% for the S&P 500 relative to the trading close on Friday, March 28, according to Bloomberg. At that time, the S&P 500 stood at 5580.94 points (-1.97%). Goldman Sachs' prediction ranks among the lowest on Wall Street, the agency notes.
Kostin cautioned that if growth expectations and investor trust worsen further, valuations might decline significantly more than anticipated. Goldman Sachs advises investors to look for a better growth outlook, anticipate more asymmetry in stock market pricing, or a reduction in market positioning before attempting to trade at the market low.
U.S. stock indices are declining as market players worry about the effects of Trump's trade conflict on the economy, Bloomberg reports.
source: bloomberg.com
