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 is the new year-end price target for the S&P 500 mentioned in the text?

How does the performance of the NASDAQ compare to the Russell index according to the text?

What are the two different stories happening in the market as described in the text?

What does the historical analysis from Bank of America and Wells Fargo suggest about the S&P 500 after a bear market?

According to the text, what factors are contributing to the current market dynamics?