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Goldman’s Kostin Sticks With S&P at 4,000 Forecast

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David Kostin, Goldman Sachs chief US equity strategist, talks about his call for the S&P 500, the impact of debt ceiling negotiations on markets and shares his thoughts on stocks tied to Artificial Intelligence. He’s on “Bloomberg Markets Americas.”

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9 Comments

9 Comments

  1. @srirajan404

    January 7, 2024 at 5:01 pm

    To Alix Steel's question on the melt-up occurring despite bear arguments, David Kostin did not address her question, except to tangentially refer to the large mega-cap stocks up 14% YTD. Kostin neither attributed to these top 10 tech high weighting in the S&P (~23%) nor their high weighting in QQQ (~53%) that artificially skew these index numbers, reflecting poor breadth of participation. Kostin instead explains lack of relative hedge fund performance, which does not appear to be Alix Steel's question.

  2. @extrememike

    January 7, 2024 at 5:01 pm

    In January he said SPX was fairly valued at 4400, now is expensive at 4200. 🤡🤡

  3. @dlvox5222

    January 7, 2024 at 5:01 pm

    As a commercial real estate investor and operator of life science real estate, I can say firmly that all our pension fund, PE, and life co potential capital partners are on the sidelines. Period. Summer vacation has already begun.

  4. @howiehubler6113

    January 7, 2024 at 5:01 pm

    This guy is a great contra indicator

  5. @DKK

    January 7, 2024 at 5:01 pm

    🤣

  6. @praveenspike

    January 7, 2024 at 5:01 pm

    One needs to climb to fall, right now S&P is climbing is all I can say. How far they fall, your guess is mine.

  7. @Watteh

    January 7, 2024 at 5:01 pm

    These are the same guys who claimed oil will be 150.

  8. @simrans3675

    January 7, 2024 at 5:01 pm

    They just keep her for a chirpy female presence…to keep things light. Clueless on anything and everything to do with Fin/Econ/Markets/Banking.

    I am all for equality but the fact these clueless folks are nothing more than eye candy is disingenuous to even my female friends. Laughable.

  9. @2023gainer

    January 7, 2024 at 5:01 pm

    Press Release..* GSMG… Glory Star New Media. Profitable. Metaverse Centers Planned in USA / China. * FFIE.. Faraday Future. Ultra Premium AI Tech Luxury FF 91 Futurist Alliance SUV EV 1st Customer Deliveries in May 2023…* LILM.. Lilium Electric Jets. Filling The Tech Dips in May. ?

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Bank of America Results Hit by Weaker Trading, $1.2 Billion Penalty

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Bank of America’s stock and fixed-income traders missed estimates in the third quarter, with bond-trading revenue falling 17% to $2.55 billion and equity trading down 10% to $2.51 billion. The bank’s results were also hurt by a charge tied to a regulatory penalty over money laundering and sanctions violations. Kristine Aquino reports on Bloomberg Television.
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Ray Dalio on a Special Bloomberg Insight With Haslinda Amin

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“Insight with Haslinda Amin” is a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.

Chapters:
00:00:01 – Insight with Haslinda Amin Begins
00:01:12 – Bridgewater Associates founder Ray Dalio on rising debt squeezing economies
00:04:45 – Ray Dalio on the risk of a US debt crisis within the next three years
00:17:21 – Ray Dalio on AI investment, market bubbles and lessons from past tech booms
00:21:17 – Ray Dalio warns China, Japan may pull back from US Treasuries
00:27:02 – Bloomberg Opinion: Japan’s massive bond rotation is France’s nightmare
00:30:39 – Australian Treasurer Jim Chalmers on global bond yields and budget pressures
00:35:49 – AI executives face grilling by Australian lawmakers
00:39:56 – Moonshot said to eye early 2027 IPO after value hits $50B
00:42:16 – US, India officials signal trade deal talks at an impasse
00:44:42 – Germany, France push new trade weapon before EU-China talks
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Treasuries Soar as Tech Slump Threatens Growth

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Treasuries led a global bond rally as a selloff in artificial-intelligence shares deepened, spurring demand for havens from a growth slowdown. A measure of CoreWeave’s credit risk climbed to an all-time high Thursday as its high-yield bonds extended declines. We get reaction from Bloomberg Tech host Ed Ludlow. Steve Kaplan of JPMorgan Asset Management joins to discuss trends in portfolio diversification. Bloomberg’s Austin Carr examines Marc Andreessen’s rise as a MAGA power player ahead of midterms. Plus – US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy. We examine what it could mean for monetary policy with Frank Monkam, Bloomberg News Macro Strategist. All on the latest episode of Bloomberg Businessweek Daily.
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Bloomberg Surveillance 10/12/2026

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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day than “Bloomberg Surveillance.”

Chapters:
00:00 Middle East Escalation, Earnings Test and CPI
06:01 Iran Wants the US Drawn Into Yemen — Norman Roule, CSIS
18:01 Russia Diesel Deal Is a ‘Desperate’ Move — Amrita Sen, Energy Aspects
31:42 Inflation Surprise Could Put Fed Hike Back in Play — Geoffrey Yu, BNY
42:02 Euro Could Rebound to 1.13 Despite France Turmoil — Jane Foley, Rabobank
53:41 Peak Rates Could Unlock a Broader Stock Rally — Jason Draho, UBS Global Wealth Management
1:06:54 Energy Crisis Could Be Trump’s ‘October Surprise’ — Henrietta Treyz, Veda Partners
1:20:21 AI Jobs Apocalypse Fears Are Overdone — Drew Matus, MetLife Investment Management
1:31:17 Rates Are Already Restrictive for the Real Economy — Veronica Clark, Citi Research
1:40:56 AI Bubble Will Burst, Just Not Yet — Dan Greenhaus, Solus Alternative Asset Management
1:53:17 Banks Can’t ‘Fight the 10-Year’ — Erika Najarian, UBS
2:07:44 Fed Rate Hikes Risk Making Housing Inflation Worse — Torsten Slok, Apollo
2:18:55 AI Adopters Poised to Outperform on Margins — Michelle Weaver, Morgan Stanley
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Chip Selloff Deepens as Investors Question AI Trade

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A rout in Asian chipmakers led the MSCI Asia Pacific Index to its lowest since August as investors grow uneasy about whether massive AI spending will pay off. Matthew Bloxham of Bloomberg Intelligence has more.
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