Goldman Sachs S&P 500 will rise to 3000 by year end

[tsptalk]

Stock market won’t hit coronavirus lows until these 3 criteria are met, says Goldman Sachs

Stock-market analysts at Goldman Sachs believe the S&P 500 will end this year more than 19% above current levels, but warned investors in a note this weekend that there will be short-term pain the markets in coming weeks.

“Strategically, we continue to expect the S&P 500 SPX, 1.513% will rise to 3,000 by year’s end,” they added. “Tactically, however, we believe it is likely that the market will turn lower in the coming weeks, and caution investors against chasing this rally.”

https://www.marketwatch.com/story/s...riteria-are-met-says-goldman-sachs-2020-03-30

 

[Mcqlives]

I wonder how much of this morning's action relates to it being the end of the quarter? The past hour of trading has certainly ignored Sachs thoughts.

 

[tsptalk]

Re: Goldman Sachs S&P 500 will rise to 3000 by year end

I wonder how much of this morning's action relates to it being the end of the quarter? The past hour of trading has certainly ignored Sachs thoughts.

Ironically, the end of March doesn't have the best record over the last 30 years...

Chart provided courtesy of www.sentimentrader.com

 

[Boomer01]

After what happened at about 3:50pm on Friday I don’t really trust this market.