As third-quarter earnings season begins, Goldman Sachs has once again raised its target for the S&P 500. Led by David Kostin, the Goldman Sachs team has now increased its forecast for the S&P 500 to 6,000 in the next three months, up from the previous estimate of 5,600. Looking further...
U.S. Equities Could Reclaim Market Leadership, Analyst Predicts As inflation cools and the nonfarm payroll report regains its prominence, some normalcy has returned for traders. However, the U.S. stock market has experienced unusual underperformance lately. Hubert de Barochez, senior markets economist at Capital Economics, notes that since mid-June, the MSCI...
The strike has raised concerns about supply chain disruptions and price increases for goods. Jose Torres, a senior economist at Interactive Brokers, highlighted that the uncertainty around the strike, along with strong warnings from union leaders, has further unsettled market. Port Strike Adds to Softer Start for October While Iran’s...
The SPDR Gold Shares ETF saw a strong surge in the third quarter, fueled by growing investor optimism that the Federal Reserve could successfully achieve a “soft landing” for the U.S. economy. By the end of September, many investors appeared more confident that the Fed could lower inflation without triggering...
Strategists Suggest Industrial Metals, Materials, and International Stock market as Top Plays for China’s Rally Global stock market capitalization is on track to surpass its highest level in three years, driven by the Federal Reserve’s interest rate cuts and China’s latest economic stimulus efforts. Bank of America, citing data from...
Investors are increasingly jittery about economic data, even reports that once flew under the radar. As the Federal Reserve works to lower interest rates and guide the economy toward a soft landing, market reactions have become more pronounced. While crucial reports like monthly job numbers still draw attention, even routine...
