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G Sachs: S&P 500 May Fall to 5,400 if Mideast Conflict Severely Disrupts Oil Supply
The severe disruption in oil supply caused by the ongoing Middle East conflict could dent the S&P 500 to fall to around 5,400, Goldman Sachs said. If the US economy experiences...
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The severe disruption in oil supply caused by the ongoing Middle East conflict could dent the S&P 500 to fall to around 5,400, Goldman Sachs said. If the US economy experiences 'moderate' growth, the AI investment boom should offset the slight slowdown in economic activity, but the index is still expected to drop to 6,300.

The broker believed that the fundamental outlook for US stocks remains optimistic, but the escalating Iran war poses downside risks due to high valuations.

Related NewsIndustrial Production YoY for Feb in the United States is 1.4%, lower than the previous value of 2.3%.
Outside the Middle East conflict, Goldman Sachs forecasted the uncertainty surrounding the impact of AI to weigh on index valuations. The broker lowered its year-end S&P 500 PE ratio forecast from 22x to 21x, but maintained its year-end forecast for the index at 7,600.

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