WS #15364
Goldman Sachs hedge fund research forecasts a record S&P 500 by year-end, citing supportive seasonal factors and reasonable valuations, despite acknowledging narrow market breadth. In the auto sector, Goldman upgraded GM to Buy with a $112 target while downgrading Ford to Neutral, highlighting idiosyncratic risks in legacy automakers. Meanwhile, the US-China AI race continues to heat up, with Chinese rivals securing billions ahead of IPOs, posing long-term competitive threats to US tech dominance.
Wall Street Sentiment and Tech
Goldman Sachs hedge fund research forecasts a record S&P 500 by year-end, citing supportive seasonal factors and reasonable valuations, despite acknowledging narrow market breadth. In the auto sector, Goldman upgraded GM to Buy with a $112 target while downgrading Ford to Neutral, highlighting idiosyncratic risks in legacy automakers. Meanwhile, the US-China AI race continues to heat up, with Chinese rivals securing billions ahead of IPOs, posing long-term competitive threats to US tech dominance.