S&P 500 Price Forecasts vs. Market Pricing Goldman Sachs, in its base case scenario, forecasts that the S&P 500 will reach a level of 4,700 by the end of 2024. Image: Goldman Sachs Global Investment Research
Brent Crude Oil Price Forecast Goldman Sachs forecasts that Brent crude oil prices in 2024 will reach the upper end of the $80-$100/barrel range, well above the futures market. Image: Goldman Sachs Global Investment Research
U.S. Rates – 2-Year and 10-Year Treasury Yield Forecasts BofA forecasts the 10-year UST yield at 4.25% and the 2-year UST yield at 4.00% by year-end 2024, suggesting the possibility of a downward trend in borrowing costs. Image: BofA Global Research
S&P 500 Annualized Forward 10-Year Returns (Forecast vs. Actual) Investors in U.S. equities should expect a modest annualized return of approximately 4% over the next 10 years, requiring tempered long-term expectations. Image: BofA Global Research
Price of Oil Forecast Despite the recent volatility, Goldman Sachs holds a positive outlook on oil prices and anticipates favorable market conditions and growth potential within the oil sector. Image: Goldman Sachs Global Investment Research
Asset Class Returns Forecasts Bank of America forecasts a soft landing and moderate growth for the global equities in 2024. Image: BofA Global Research
U.S. 10-Year Treasury Yields Forecast Goldman Sachs forecasts the 10-year U.S. Treasury yield at 4.30% by the end of 2023 and 2024, which differs from the expectations of the futures market. Image: Goldman Sachs Global Investment Research
Inflation – U.S. CPI Forecasts If the Federal Reserve is done with rate hikes, the U.S. headline CPI is expected to consistently exceed the Fed’s 2% inflation target, potentially creating challenges for the central bank in maintaining price stability. Image: BofA Global Investment Strategy
GDP Consensus Forecasts Optimistic U.S. GDP forecasts suggest that there is confidence in the underlying strength of the U.S. economy. Image: BofA Global Research
China Real GDP Growth Forecast The downturn in growth in China may be stabilizing. Image: Goldman Sachs Global Investment Research