Goldman Slashes S&P 500 year-end Target to 3600 from 4300, Citi

 

 

Markets

Goldman Slashes S&P 500 Target Citing Higher Fed Rates Path

• S&P 500 Index year-end target cut to 3,600, implying 4.2% drop
• Risks skewed to downside even after forecast revision: Kostin

By

Abhishek Vishnoi

September 22, 2022 at 10:42 PM CDTUpdated onSeptember 23, 2022 at 5:40 AM CDT

 

Goldman Sachs Group Inc. slashed its year-end target for the S&P 500 Index to 3,600 from 4,300, arguing that a dramatic shift in the outlook for interest rates moving higher will weigh on valuations for US equities.

 

 

.https://www.bloomberg.com/news/articles/2022-09-23/goldman-slashes-s-p-500-target-citing-higher-path-for-fed-rates-l8dxthrq?leadSource=uverify%20wall