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 . . .
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