Goldman Sachs strategists maintained a three-month neutral view, moderately biased towards risky assets in the 12-month dimension, believing that easing interest rate pressure would open up the clearest channel for further upward movement in the stock market. A team led by Christian Müller-Glisman said that higher interest rates have reduced risk appetite in the market. Technology stocks and large-cap stocks dominated, while interest rate sensitive sectors, including real estate, utilities, homebuilders, and Russell 2000 index constituents, experienced the biggest declines. On a 12-month basis, Goldman Sachs overstocks, remains neutral on bonds, commodities, and cash, and has a low distribution of loan assets; the short-term view is neutral. The bank expects the 12-month target of the S&P 500 index to be 8,700 points, which means that a total return of 13.5% can be obtained from the current point.

Goldman Sachs strategists maintained a three-month neutral view, moderately biased towards risky assets in the 12-month dimension, believing that easing interest rate pressure would open up the clearest channel for further upward movement in the stock market. A team led by Christian Müller-Glisman said that higher interest rates have reduced risk appetite in the market. Technology stocks and large-cap stocks dominated, while interest rate sensitive sectors, including real estate, utilities, homebuilders, and Russell 2000 index constituents, experienced the biggest declines. On a 12-month basis, Goldman Sachs overstocks, remains neutral on bonds, commodities, and cash, and has low loan assets; the short-term view is neutral. The bank expects the 12-month target of the S&P 500 index to be 8,700 points, which means that a total return of 13.5% can be obtained from the current point.