S&P 500 To Hit 2050 Driven By Stock Buybacks: GoldmanMani
Given the end of the mandatory pause in corporate buybacks prior to earnings reports that removes a key source of equity demand, Goldman Sachs analysts anticipate S&P 500 will rally to touch their year-end 2014 target of 2050.
David J. Kostin and the team at Goldman Sachs in their recent research report titled: “US Weekly Kickstart” point out that the drivers of this upward move relate to positioning, sentiment and historical trading patterns.
Buybacks set to resume
According to the Goldman Sachs analysts, most . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible