Goldman's Kostin Raises S&P Year-End Target to 4,500

The transcript discusses the S&P 500's year-end target increase and market performance in June, highlighting the NASDAQ and Russell indices. It explores market rotation away from mega cap tech, emphasizing the need for cautious investment in cyclicals due to potential economic slowdown. Historical analysis from Bank of America and Wells Fargo offers conflicting views on market recovery timelines. The discussion concludes with the notion that while markets may not see significant gains, a retest of lows is unlikely, as many risks are already priced in.

What was the revised year-end price target for the S&P 500 mentioned in the video?

• 4000

• 4500

• 5000

• 3500

Which index showed a significant outperformance in the market performance discussed?

• Nikkei 225

• NASDAQ

• FTSE 100

• Dow Jones

What is the main focus of the market shift discussed in the second section?

• Bonds

• Mega-cap tech

• Cyclicals

• Small-cap stocks

According to the video, what is a necessary condition for a sustainable market rotation?

• Economic growth

• Increased inflation

• Interest rate cuts

• Higher unemployment

What does the historical analysis suggest about the S&P 500's performance after a bear market?

• It rises over the next 12 months

• It declines further

• It remains stable

• It fluctuates unpredictably