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Goldman Sachs has increased the probability of a US recession to 35%, citing the impact of tariff increases under the Trump administration and a weaker growth outlook. This adjustment reflects growing concerns about the economic landscape and its potential challenges.
Goldman Sachs has revised its S&P 500 target downward and increased the likelihood of a recession, signaling growing concerns about the economic outlook. The firm’s shift reflects a more cautious stance amid changing market conditions.
Goldman Sachs has raised the probability of a U.S. recession to 35%, citing deteriorating consumer and business confidence, and the economic impact of higher tariffs. The bank anticipates three interest rate cuts this year, despite inflation concerns, as it shifts focus to labor market issues and growth stagnation. Meanwhile, Moody's Mark Zandi has increased recession odds to 40%, suggesting a potential "recession by design" due to current policies.
Goldman Sachs has revised its inflation outlook, predicting the core PCE index will rise to 3.5% this year, and anticipates three interest rate cuts by the Federal Reserve in the latter half of 2024. This forecast could positively impact the crypto market, as historically, rate cuts have boosted risk assets like cryptocurrencies. Currently, Bitcoin is down 1.81% to $81,985, with major tokens like XRP and Cardano's ADA experiencing losses exceeding 7%.
Goldman Sachs has revised its inflation outlook, predicting the core PCE index to rise to 3.5% this year, and anticipates three interest rate cuts by the Federal Reserve in the latter half of 2024. This bullish stance could positively impact the crypto market, as lower borrowing costs typically boost risk assets like cryptocurrencies. Currently, Bitcoin is down 1.81% to $81,985, with major tokens like XRP and Cardano's ADA experiencing significant losses.
Goldman Sachs has revised its S&P 500 target downward and increased the likelihood of a recession, reflecting growing concerns about economic stability. The investment bank's shift in outlook signals a more cautious approach to market conditions amid rising uncertainties.
Goldman Sachs faces criticism from proxy adviser Glass Lewis over $160 million in executive retention bonuses for CEO David Solomon and president John Waldron, which are deemed excessive and misaligned with company performance. Despite a pay hike for Solomon and a strong 2024, concerns persist about the disconnect between executive compensation and the firm's results, particularly as the bonuses are based on restricted stock units without performance conditions. Glass Lewis highlighted a lack of transparency in the bonus rationale, urging shareholders to reject the proposals at the upcoming annual meeting on April 23.
Wells Fargo has initiated coverage on Kestra Medical Technologies with an Overweight rating and a price target of $28, highlighting the potential of its Assure wearable cardioverter defibrillator. The company is positioned in a $10 billion market, with projected market share growth from 4.8% in 2025 to 15.7% by 2029, driven by advantages in comfort and functionality over competitors. Other analysts, including Stifel and Piper Sandler, have also expressed optimism about Kestra's growth prospects, supported by strategic investments and FDA approvals.
Goldman Sachs has revised its year-end S&P 500 target down to 5,900 points, anticipating a 5% drop in the next three months due to weaker corporate profits, slower economic growth, and increased recession risks. The bank now projects U.S. GDP growth at 1.5% and expects earnings-per-share growth for the S&P 500 to slow to 3% in 2025 and 6% in 2026, significantly below analyst expectations. With a 35% chance of recession within a year, the S&P 500 could see a further decline of 25% from its February peak, potentially leading to a bottom around 4,600 points.
Goldman Sachs has revised its economic outlook, raising the U.S. recession probability to 35% and lowering GDP growth forecasts due to escalating tariff tensions. The bank anticipates deeper interest rate cuts from the Federal Reserve and ECB, with the eurozone facing a potential technical recession in 2025. New tariffs proposed by former President Trump could significantly impact both regions' economies, prompting further adjustments in growth projections.
The Goldman Sachs Group, Inc.
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