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    Goldman Predicts Upside for S&P 500 | FinOracle

    Market Trends & Social Media Insights – October 12, 2024 18:28

    Goldman Predicts Upside for S&P 500 | FinOracle

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    Goldman Predicts Upside for S&P 500 | FinOracle

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Goldman Predicts Upside for S&P 500

The hit rate of positive returns for S&P 500 dropped to 58% while the forward signal remains consistent with equal-weighted S&P 500. Some on Wall Street believe the market has more room to rise, despite overvaluation concerns.

by Terry Bingman
Thu, Mar 28, 2024 9:14pm
in Business
• 2 mins read
14.1k
Goldman Predicts Upside for S&P 500 | FinOracle

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S&P 500's Unstoppable Bull Run Powered by Tech Giants and AI Boom

The S&P 500 has kicked off the year with a spectacular performance, extending its bull run with gains exceeding 24% from the previous year. This surge is primarily attributed to the powerhouse technology sectors flourishing amidst the AI boom, coupled with optimism regarding potential interest rate cuts.

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