The trend is your friend...
Source: Goldman Sachs, TME
Goldman Lifts S&P 500 Target to 5,200 on Profit Expansion
Goldman now sees the S&P 500 rising to 5,200 by the end of this year, raising his forecast by about 2% from the 5,100 level he predicted in mid-December. The new target implies a 3.9% jump from Friday’s close. Goldman’s 5,200 price target for the S&P 500 in 2024 is now among the highest on Wall Street, joining the ranks of Wall Street bulls. source : gs
Hmmmmm... Observations that provoke thought ?
One of these companies sells chips that power the world and the other sells sweatshirts to teenagers and young adults. source : kofin, tme
According to GS, Index margins excluding “Tech” will only expand modestly in 2024.
source : gs, tme
This chart vividly shows the pronounced overvaluation of US equities versus the rest of the world.
It's important to emphasize that price-to-book is just one metric for comparison. Source: Bloomberg, Tavi Costa
Mag 8: Could Eli Lilly $LLY be the first trillion dollar pharma stock?
$LLY price performance has significantly outpaced the Mag 7 YTD. Source: Factset, TME
We're currently witnessing the longest period of U.S. equity outperformance in history.
But there's a cycle to everything, and international diversification is perhaps more important today than ever before. Source: Peter Mallouk
Putting things into perspective:
Despite rising yields and hotter-than-expected inflation, the S&P 500 has continued higher in 2024. Source: Edward Jones
