Goldman’s Kostin Warns S&P 500 Rally Faces Hurdles in Near Term
- Strategist says growth outlook is key for further stock gains
- Flow specialist Rubner sees equity demand too weak for a rally
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Any rebound in the S&P 500 Index is likely to prove temporary amid concerns about the US economy, according to Goldman Sachs Group Inc. strategists.
Investor exposure declined last week as the benchmark briefly erased its 2025 gains, but it isn’t low enough yet to suggest “tactical upside as a result of of depressed positioning,” strategist David Kostin wrote in a note.