Goldman Sachs reduces the "S&P 500" goal for the second time due to the risk of stagnation

Goldman Sachs reduced their expectations for the S&P 500 index for the second time this month for the second time, with the escalation of the risk of recession and the growing ambiguity associated with customs duties. The team led by David Costin expects to end the current public index at the level of 5700 points, compared to a previous estimate at 6200 points. These expectations indicate marginal gains of no more than 2% compared to the closure of the index Friday, making it under the lowest estimates optimistic about Wall Street, according to data collected by “Bloomberg”. Costin said in a research note. He added: “As the prospects for growth and investor confidence deteriorate, the assessments may fall at a rate that exceeds our current expectations.” Costin reduced expectations for the first time on March 11 from the level of 6500 points, in light of the decline in the shares of major technology companies this year. These amendments came amid a decline in US equities against the backdrop of concerns about the economic consequences of President Donald Trump’s plan to launch mutual customs duties in all countries, which would be revealed on April 2. reduced their expectations for the growth of the US gross domestic product in 2025 by half a percentage point, to 1% on an annual basis in the fourth quarter.