Goldman Sachs’ Kostin Sees S&P 500 Reaching 6,000 Mark Next Year
- Volatility likely ahead, but equities have more upside: Kostin
- Mid-cap stocks are way to play Fed’s rate cut, strategist says
This article is for subscribers only.
The runway is clear for the stock market to keep powering higher once the US presidential election is decided, says Goldman Sachs Group Inc.’s David Kostin.
The firm’s chief US equity strategist expects the S&P 500 Index to trade around the 6,000 level a year from now, he said Tuesday in an interview with Bloomberg Television. The forecast implies a roughly 5% gain from Monday’s record close of about 5,719 for the index, which is up around 20% this year.