Goldman Sachs: S&P 500 Could See Modest Gains or Losses in 2023 Depending on Fed Rate Moves
• Goldman Sachs analysts present 3 scenarios for S&P 500 in 2023 additional 15% gains to 6,000 (best case), 11% gains to 5,800 (moderate case), or 14% losses (worst case)
• Recent stock rally differs from past bubbles due to focus on company profits/valuations rather than just enthusiasm
• Tech stock growth expectations & valuations not yet in "bubble territory"
• S&P 500 gains dependent on Federal Reserve's next moves on interest rates
• Goldman keeps 2023 S&P 500 baseline forecast of 5,200 (nearly unchanged from current levels)