Reported 2 days ago
Goldman Sachs has cut its S&P 500 target for the second time this month, lowering it from 6,200 to 5,700 due to heightened recession risks and tariff uncertainties. The new projection indicates only a 2% gain from the current levels, reflecting concerns over slowing growth and diminishing investor confidence. Additionally, the economists at Goldman have revised their tariff expectations upwards and reduced the GDP growth forecast for 2025, signaling a cautious outlook for the market.
Source: YAHOO