Goldman Hedge Fund VIP List Sags Amidst Stock Picking DifficultyMark Melin
Goldman Sachs Group Inc (NYSE:GS) believes with the S&P 500 near 1865 “the market stands within a band of fair value,” while Goldman’s heavily watched “Hedge Fund VIP List” of stock selections continue to underperform.
Going forward, the legendary investment banks sees more room on the downside than upside, but is ultimately positive. “Looking forward, S&P 500 should rise as the economy strengthens and sales and EPS grow,” they said in their weekly “Kickstarter” portfolio strategy research report. “However, our forecast trajectory is relatively shallow: our 12-month target of 1950 reflects 5% upside, with 13% upside through year-end 2015.”
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