Goldman: S&P 500 going nowhere from here

Goldman's Kostin said the bank’s modeling, which incorporates the economy, earnings, valuation and money flow, implies no room for further upside. — Bloomberg

NEW YORK: The S&P 500 Index is unlikely to deliver any more gains from now through the end of the year, according to Goldman Sachs Group Inc’s David Kostin.

The firm’s chief US equity strategist reiterated his 2024 price target on the benchmark of 5,200 in an interview with Bloomberg Television, while noting he saw “roughly a flat return from now until the end of the year”.