RE:Goldman Sachs cuts 2022 target for S&P 500 by 16%This is a perfect example of how cancerous the whole system is! With a simple swipe of the pen these dics cover their butts for year end. What a joke! As if they havent been playing a bear market for months now at the expense of their own clients and others...so sad isnt it? Stay focused and take care of #1. ... GLTA.....
Cobalt wrote: "Goldman Sachs has cut its year-end 2022 target for the benchmark S&P 500 index by about 16% to 3,600 points, as the U.S. Federal Reserve shows little signs of stepping back from its aggressive rate-hike stance.
Analysts at Goldman Sachs wrote in a note late Thursday that the expected path of interest rates by the central bank is now higher than its previous estimate. Their previous target was 4,300 points."