Goldman Sachs’ chief U.S. equity strategist David Kostin was speaking in an interview on Tuesday.
He said it’s possible the S&P 500 overshoot his 12-month target of 4,500 … “The upside potentially would be that rates fall a little bit”
- arguing that lower rates have led to valuation expansions in the past
- also watch for better-than-expected earnings, these could also trigger stocks past that target level
