Reported about 17 hours ago
Goldman Sachs strategists, led by David Kostin, anticipate that the robust US stock market rally will extend to small-cap stocks as they catch up with larger companies amidst a positive economic outlook. They cite limited participation in the rally so far, with the S&P 500's median stock still below its high, and predict that forthcoming Federal Reserve interest rate cuts and stronger corporate earnings will further propel this trend. Despite some market volatility, Kostin maintains a year-end S&P 500 target of 6,600 points, reflecting optimism for continued gains.
Source: YAHOO