"US Stocks Maintain Highs, Building on 7-Week Rally Amid Fed Euphoria and Oil Surge"

Goldman Sachs has revised its outlook for the S&P 500, projecting it to reach 5,100 by 2024, up from its previous estimate of 4,700. The firm cited softer inflation and better-than-expected retail sales as factors contributing to the positive outlook. The S&P 500 has already surpassed Goldman's initial target, driven by increased expectations for interest rate cuts and falling inflation. Goldman also expects the first rate cut to come in March, which could benefit stocks with weaker balance sheets.