Goldman Sachs expects S&P 500 to end 2023 around 4,000

Goldman Sachs (GS) recently joined a slew of global investment bankers while unveiling the 2023 forecasts.

In its latest analysis, the GS expects S&P 500 Future to average around 4,000 in 2023.

The US bank also states that S&P 500 EPS is still $224 in 2023 while stating, “The firm remains underweight the S&P 500 Industrials Sector despite its 19% rally since the start of the fourth quarter.”

Goldman Sachs’ forecast on S&P 500 is near to the predictions of Bank of America, HSBC and Citibank.

It should be noted that the US bank anticipated a 5,100 level for the year 2022 by this time of 2021.

That said, the S&P 500 Futures print mild gains of around 3,910 by the press time of Thursday’s Asian session.

Also read: Forex Today: Little action across the FX board