Goldman Sachs Raises S&P 500 Forecast
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NEW YORK (Reuters) -Goldman Sachs President John Waldron said a recent lightening up of U.S. dollar assets by investors had shown them returning to more neutral positions on the currency, rather than a wholesale "run for the gates."
Financial services giant Goldman Sachs is reportedly predicting that the S&P 500 (SPX) will hit a new all-time high over the next 12 months amid improving market conditions.
LONDON (Reuters) -Europe Inc has weathered the turbulence sparked by U.S. President Donald Trump's tariff policies to deliver resilient first-quarter earnings, but in spite of the newly-minted trade truce, investors still face a fog of uncertainty.
The drop in the VIX from April 10 to March 12 was one of only four times the gauge has fallen from a level above 40 to below 20 in under 100 days.
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Cryptopolitan on MSNGoldman Sachs says investors are returning to normal dollar holdings, not abandoning themGoldman Sachs President John Waldron says the recent dip in investors’ U.S. dollar holdings is a move back to normal levels, not a mass exit from American assets.
Economists believe the US will skirt a recession as lower tariffs than initially announced by the Trump administration are set to handicap consumer spending less than previously feared.