Goldman Sachs Anticipates Stock Market Upsurge; Recession 'Out of Consideration' for Now - Insights Provided
Daily Hodl: Unfiltered Finance News
Spill the tea! Will the stock market rally further, lifting the S&P 500 and your investments? Goldman Sachs' top US equity strategist, David Kostin, shares his insight in an exclusive interview with CNBC.
Kostin says, "Listen here, the equity market usually pays more attention to soft data than hard data". Some soft data has been shaky, causing a fair bit of concern in the markets, but Kostin thinks that might soon change. He believes that hard data will take charge.
"Now, the equity market traditionally responds more to soft data than hard data. And there's been a weak soft data period — some of it might be turning, though."
With some cautious optimism, he also indicates that the US stock market may see a temporary downslide due to tariff-related uncertainty, but by the end of the year, the S&P 500 could surge by up to 10%.
"In the short term, you might see some downside as tariff-driven drama unfolds, but by the end of the year, we're looking at a 10% climb on the S&P 500. No recession's on the horizon in our base case scenario, so earnings growth will keep the market moving."
As we inch closer to earnings season, companies are finalizing their share repurchases, which could affect market movement. Kostin elaborates, "Look, the numbers are a bit tricky, but earnings will remain strong this year at about 7%, and next year should bring another 7%. Add that up, and the market could reach around 6,500 — a nice 10% increase from its current position."
Keep up with the latest financial news, updates on bitcoin, ethereum, and altcoins, and more by following us on X, Facebook, and Telegram. Don't want to miss a beat? Subscribe now for email alerts that'll keep you in the loop. Check out daily price action and The Daily Hodl Mix for trending news and insights.
💰 Industry Announcements- Global crypto exchange IMBX unveils its next-gen trading platform for a spectacular launch.- AiXuSpeed records a whopping $500,000 in token commitments within the first 72 hours of its pre-sale.- Galaxy Ventures invests $8 million in RISE Chain to fuel its development as the fastest zone for real-time apps on Ethereum.- BitMEX heats things up with its June Jumpstart trading competition offering a mouthwatering 3 BTC prize pool.- Searching for the perfect hyper-personalized crypto discovery engine? You're in luck; some top names in the crypto world are backing its creation.- MEET48 kicks off its IDOL airdrop ahead of its TGE, paving the way for an exciting Web 3.0 entertainment experience.- AB joins Binance, set to create even greater opportunities for crypto enthusiasts!
🔔 Spotlight- The author of 'Rich Dad Poor Dad' suggests one asset to secure your wealth before a potential "stock and bond market crash" — and it's not gold or bitcoin.- Japanese bitcoin hoarder, Metplanet, adds a whopping 263% to its BTC stash, while its stock value skyrockets.- Analyst Benjamin Cowen warns of an impending dump in altcoins against bitcoin.- As banking fraud soars, bankers call for tighter regulations to protect vulnerable seniors.
Stay informed about finance, crypto, and trends shaping the future of finance with categories like bitcoin, ethereum, trading, altcoins, Futuremash, Financeflux, blockchain, regulators, scams, and more!
About Us | Editorial Policy | Privacy PolicyTERMS AND CONDITIONS | CONTACT | ADVERTISE🌐 Join us on Telegram🌐💼 Join us on X💬 Join us on Facebook
©️ 2025 The Daily Hodl
- As the US stock market anticipates a 10% surge by the end of the year according to David Kostin, investors might also be keen on exploring other financial avenues, such as cryptocurrency and altcoins, to diversify their investments.
- In the world of crypto, several notable announcements have been made recently. Global exchange IMBX launched its next-gen trading platform, AiXuSpeed raised $500,000 within 72 hours of its pre-sale, and Galaxy Ventures invested $8 million in RISE Chain.
- While the traditional finance market grapples with potential downsides due to tariff uncertainties, some analysts warn of an impending dump in altcoins against bitcoin. This underscores the need for investors to stay informed about the latest trends in both traditional finance and cryptocurrency markets.
