Wall Street Breakfast
Goldman Sachs gets more bearish on stocks
Mar 31, 2025
Goldman Sachs revises its S&P 500 target downward, amplifying concerns over a potential recession. Newsmax makes a splash on its trading debut, energizing investors. Meanwhile, CoreWeave faces challenges post-IPO. There's buzz around Apple's rumored acquisition of NVIDIA servers, raising eyebrows about the tech giant's future in the AI space. An engaging look at market dynamics and potential investment shifts!
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Quick takeaways
- Goldman Sachs has lowered its S&P 500 target from 6,200 to 5,900, citing heightened recession concerns and declining investor confidence.
- Newsmax's volatile market debut contrasts with CoreWeave's struggling post-IPO performance, highlighting diverse outcomes in recent stock launches.
Deep dives
Goldman Sachs Adjusts Economic Projections
Goldman Sachs has lowered its S&P 500 target due to heightened concerns about an impending U.S. recession, which the bank now estimates at a 35% probability. Key factors influencing this adjustment include anticipated increases in tariffs, sluggish economic growth, and rising inflation rates. The firm has revised its year-end target for the S&P from 6,200 to 5,900, highlighting that if investor confidence continues to decline, valuations may drop even further than predicted. Additionally, Goldman has adjusted its 2025 GDP growth forecast down to 1% from 1.5%, reflecting a significant shift in economic outlook driven by deteriorating business and household confidence.
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