Goldman Sachs is the latest bank to publish research trying to justify the current high level of the market as well as its year-end S&P 500 price target.
Goldman laid out its case for further equity gains in a presentation published at the beginning this month titled Where To Invest Now. Across 80 pages, the investment bank’s chief equity strategist David Kostin dissects the US equity market and find several areas that look attractive based on macro and micro trends. However, some of the most interesting analysis contained within the presentation as the top-down assessment of the S&P 500’s current valuation and outlook.
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