Goldman Sachs Raises S&P 500 10-Year Return Forecast to 7% on July 5

US500-0.12%
According to Goldman Sachs, on July 5, the bank raised its 10-year S&P 500 annual return forecast to 7% from 3%, citing sustained high corporate profit margins and low interest rates. Ben Snyder, the firm's U.S. equity strategy chief, stated that valuations may remain elevated for an extended period rather than reverting to historical averages, supported by current net profit margins of around 13% and long-term rates still below their average level.
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