Expected to rise another 5% by the end of the year! Goldman Sachs has raised its s&p 500 index target price for the third time this year.
①Goldman Sachs' strategist has raised the year-end target price of the s&p 500 index for the third time this year; ②He expects the s&p 500 index to close at 6000 points this year, which is the second highest target price given by Wall Street strategists; ③This means that in the less than three months remaining this year, the potential roi of the s&p 500 index is about 5%.
The market is refocusing on usa CPI! It is crucial whether the Federal Reserve will press the "pause button" on interest rate cuts.
If the September usa CPI data is very strong, the rate cut in November will become "uncertain".
Options Market Statistics: XPEV Options Pop as US-Listed Chinese Stocks Keep Climbing
"Hot non-farm payroll data suppresses the market's expectation of a rate cut by the Federal Reserve, and the 'global assets pricing anchor' returns to 4%."
The probability of the Fed cutting interest rates by 50 basis points has plummeted, leading to intensified selling of U.S. Treasury bonds, pushing the 10-year U.S. Treasury yield to break through the important 4% level; the market bets that the interest rate cut before the end of the year will be less than 50 basis points.
10/8 [Strength and Weakness Analysis]
[Bullish and Bearish Factors] Bullish factors: Nikkei Average is rising (39,332.74, +697.12), US crude oil futures are rising (77.14, +2.76), Expectation of easing inflation in the US, active share buybacks, request from the Tokyo Stock Exchange for enhancing corporate value. Bearish factors: NY Dow is falling (41,954.24, -398.51), Nasdaq Composite Index is falling (17,923.90, -213.94), $1 = 148.00-10 yen, Chicago Nikkei futures are falling (38,915, Osaka comparison -455).
The Fed May Not Cut Rates in November. What to Do With Treasury Bonds Now
