So basically saying it will either go up or go down ?
Big Tech Companies Could Drive the S&P 500 to 6,000 This Year Or Crash It to 4,500, Says Goldman Sachs
It's a four-day week for markets, even if both the Fed's favorite inflation gauge and comments from Fed Chair Jerome Powell are coming on that Friday break.The S&P 500 SPX closed out last week with its biggest weekly gain since December, and a third session above the 5,200 level, which means several year-end targets for Wall Street banks have been taken out - nine out of 15 tracked by MarketWatch.While strategists were largely wary headed into 2024 after a bullish 2023, they seem to be getting braver on the whole.In our call of the day, a Goldman Sachs team led by its chief U.S. equity strategist, David Kostin, makes the case for the S&P 500 to hit 6,000 by the end of 2024, thanks to a relentless rise in big technology companies. The bank has twice lifted its year-end index call - its baseline forecast is 5,200.Speaking of big tech: The EU has opened probes into Apple , Google (G
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