Fed Delivers Third Rate Cut but Doubles Down on Fewer Moves for 2025 
Canada's Response to Trump Tariffs Fuels Major Concern for Japan's Komatsu in Key Export Markets 
Accenture's Generative AI Push Smashes Records with $1.2 Billion Bookings and Revenue Surge 
NVIDIA Tracks China’s H100 Chip Breach as Super Micro Computer Faces New Compliance Pressure 
Wall Street Jumps on Fed Rate Cut Hopes Driving Tesla and Nvidia Higher 
Nvidia Stock Climbs on Positive Blackwell Update and Signs of GPU Momentum 
SK Hynix Wins $458M Funding to Power Indiana AI Chip Plant, Bolster US Semiconductor Sector 
US Grants $6.75 Billion in Chips Awards to Samsung, Texas Instruments, and Amkor for Manufacturing Boom 
Nike Battles Sliding Revenue With Bold Plans for Premium Sales and Revamped Retail Strategy Under New CEO 
Honda, Nissan Discuss Factory Sharing Moves to Counter Trump’s Trade Shifts and Expand Global Reach 
Tesla Robotaxi Mystery Deepens as Undisclosed City Nears a Breakthrough Launch With Officials Involved 
Apple Eyes AI Leadership in China by Partnering with Tencent and ByteDance for iPhone Integration 
Japan Core Inflation Rises as Food and Fuel Costs Soar Putting BOJ Under Rate Hike Pressure 
The Goldman Sachs S&P 500 outlook suggests their 6,000 price target for the index may be "too low," reflecting a highly bullish stance on U.S. equities. In a note to clients on Wednesday, Goldman Sachs analysts predict a strong market rally beginning October 28, despite ongoing short-term market volatility.
Short-Term Volatility Anticipated in Goldman Sachs S&P 500 Outlook
Goldman Sachs is cautious about the near-term market performance, anticipating increased volatility over the next three weeks. According to the Goldman Sachs S&P 500 outlook, daily market headlines are expected to influence trading behavior heavily. The bank wrote, “We are bracing for added volatility and expect the market to over-trade daily headlines and themes.”
A significant decline in the S&P 500 index gamma, down by $14 billion—the largest shift recorded in the bank's data—suggests more potential market movement. According to Goldman Sachs analysts, this change could create a downside skew in the short term.
Year-End Optimism in the Goldman Sachs S&P 500 Outlook
Despite concerns of market turbulence, the Goldman Sachs S&P 500 outlook remains positive for the year-end. Analysts cite strong systematic exposure from institutional investors and hedge funds as a key factor. A significant resurgence in corporate buybacks is also expected once the current blackout window, ending October 25, concludes. During this period, U.S. corporates—the largest buyers of U.S. equities in 2024—can purchase 35% fewer shares, temporarily reducing market support.
As buybacks are projected to resume strongly in November and December, further market gains are expected. Additionally, the bank’s outlook highlights a growing interest in Chinese equities, with the belief that “this time is different,” as evidenced by rising daily demand from investors.
While the short-term volatility may create temporary uncertainty, the Goldman Sachs S&P 500 outlook emphasizes a bullish market trajectory for the remainder of the year.
