Goldman Sachs: S&P500 could fall to 3150 (by mid-2023) in the case of a hard landing<p>A bit of an ICYMI, analysis from Goldman Sachs chief U.S. equity strategist David Kostin:</p><ul><li>sees the S&P 500 falling to 3,600 by year-end 2022 in the case of a soft landing, followed by 4,000 level for the end of 2023</li><li>but if investors price in hard landing he sees it falling to 3,150 by mid-year 2023, then 3,750 by end-2023</li></ul><p>Kostin says his baseline 'soft landing' forecast assumes that yields rise and price to earnings ratios fall to 15x. </p><ul><li>For a soft landing he sees S&P EPS rising to $243 at end-2023 from $234 at end-2022</li><li>But if the landing is rough he sees EPS falling to $225 at end-2023 from $230 at end 2022.GS economists see Core PCE falling from 4.9% in August to 2.7% at the end of next year.</li></ul><p>Info via Reuters,<a href="https://www.lse.co.uk/news/preparing-for-hard-and-soft-landings-goldman-sachs-7qpxj20ze6plrh0.html" target="_blank" rel="nofollow"> link here for more </a></p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Goldman Sachs: S&P500 could fall to 3150 (by mid-2023) in the case of a hard landing (https://forexlive.com/news/goldman-sachs-sp500-could-fall-to-3150-by-mid-2023-in-the-case-of-a-hard-landing-20221005/https://forexlive.com/news/goldman-sachs-sp500-could-fall-to-3150-by-mid-2023-in-the-case-of-a-hard-landing-20221005/)
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