A Goldman Sachs Asset Management view on US stoicks for the rest of 2024, in a nutshell:

  • "What do we expect for the rest of the year? Essentially a flattish market"
  • "Our view is that the full-year market return has been achieved in the first half"

Citing:

  • earnings growth of the first half of 2024 will decelerate in the next six months
  • uncertainty over Fed rate cuts and inflation
  • geopolicital risks (GS think oil could be a useful hedge here, gold too)

Info from their midyear investment outlook released last week.

spx weekly can;ldes 15 July 2024 2

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