Goldman Sachs Predicts Limited S&P 500 Growth, CNBC Survey Shows High Rates Expected, and 2023 Rate Cuts Unlikely
Goldman Sachs predicts that the S&P 500 will remain rangebound for the time being, with six reasons cited for this prediction. Despite a four-day losing streak, stock futures point to a potential rebound, but the market will likely stay within the 3,800 to 4,200 channel it has held for some time. Factors such as calmer banking conditions, eased debt ceiling tensions, and the Federal Reserve's lack of a preset hiking trajectory may help push the S&P 500 above this range in the future.