Goldman’s Kostin Latest on Wall Street to See 2024 Stock Gains
- Strategist sees S&P 500 climbing to 4,700 by the end of 2024
- Investors should retain equity exposure even amid volatility
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The S&P 500 Index will keep rallying next year and should come close to its record high hit in early 2022, say strategists at Goldman Sachs Group Inc., becoming the latest Wall Street bank to come out with a bullish call.
The team, led by David Kostin, joins others who have turned more positive about the outlook for equities, like Morgan Stanley’s Michael Wilson. Meanwhile, Bank of America Corp.’s Michael Hartnett has said investors have moved to overweight positions in stocks and bonds.