21 September 2022
Less than a year ago, Goldman (or at least its client-facing sellside research team) was one the most bullish banks on Wall Street, with chief US equity strategist putting a 5,100 S&P price target for his 2023 year end forecast last November. That, to put it mildly, has been a complete disaster of a forecast, and in subsequent months, Kostin has repeatedly slashed his S&P target…