Goldman Sachs expects US equites to be flat for the rest of the year –

A Goldman Sachs Asset Management view on US stoicks for the rest of 2024, in a nutshell:

• “What do we expect for the rest of the year? Essentially a
  flattish market”
• “Our view is that the
  full-year market return has been achieved in the first half”

Citing:

• earnings growth of the first half of 2024 will decelerate in the
  next six months
• uncertainty over Fed rate cuts and inflation
• geopolicital risks (GS think oil could be a useful hedge here, gold too)

Info from their

midyear investment outlook released last week.

This
chart is from our charting app, which is free and can
be found at this link

This article was written by Eamonn Sheridan at www.forexlive.com.