πŸ“ˆ TKer by Sam Ro

πŸ“ˆ TKer by Sam Ro

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πŸ“ˆ TKer by Sam Ro
πŸ“ˆ TKer by Sam Ro
Goldman Sachs says to 'follow Taylor Swift's advice' in 2024 πŸ’ƒ
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Goldman Sachs says to 'follow Taylor Swift's advice' in 2024 πŸ’ƒ

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Sam Ro, CFA
Nov 15, 2023
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πŸ“ˆ TKer by Sam Ro
πŸ“ˆ TKer by Sam Ro
Goldman Sachs says to 'follow Taylor Swift's advice' in 2024 πŸ’ƒ
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From the cover of Goldman Sachs’ new research note.

Goldman Sachs strategists expect the stock market to generate modest gains in the coming year with the S&P 500 ending 2024 at 4,700. Their target comes with the expectation that earnings rise to $237 per share in 2024 and $250 per share in 2025.

β€œOur baseline assumption during the next year is the U.S. economy continues to expand at a modest pace and avoids a recession, earnings rise by 5%, and the valuation of the equity market equals 18x, close to the current P/E level,” Goldman’s David Kostin wrote. β€œOur forecast falls slightly below the typical 8% return during presidential election years.β€œ

In a new 39-page report laying out the firm’s outlook for 2024, Kostin looks to Taylor Swift to help deliver this message.

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