Lance Roberts: 3 Potential Paths for The Market to Take
$Goldman Sachs(GS)$ remains very optimistic on earnings growth over the next two years. They are maintaining its year-end $S&P 500(.SPX)$ price target of 5,200, while also expecting the S&P 500 EPS to reach $241 by the end of 2024.
Lance Roberts, Chief Strategist at RIA Advisors.com laid out three paths for the market near term. They gave Path A the highest probability. With the market back above the 50-DMA, but short-term overbought some consolidation is likely.
With a bulk of $S&P 500(.SPX)$ earnings reported, after the cuts in estimates heading into Q1, the overall growth rate aligned with the long-term median.
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