Despite recent downturns in the U.S. stock market, optimism remains high among investors, particularly regarding corporate earnings. According to a Bloomberg survey of 409 participants, nearly two-thirds express confidence that forthcoming corporate results will bolster the S&P 500 index—an optimism level not seen since the question was first posed in October 2022. Goldman Sachs strategists Dominic Wilson and Kamakshya Trivedi have described the situation as "paradise postponed," acknowledging emerging near-term risks to stocks, which they believe are concerning but not disastrous. Throughout the year, they have maintained a relatively positive outlook on the impact of the Federal Reserve's decision not to cut interest rates this year.
Posted: 2024-04-23 14:27:29.000000