Goldman Sachs: Expects the S&P 500 Index to pump 11% in the next 12 months.

According to a report by Jinse Finance, Goldman Sachs has once again raised its target for the S&P 500 index in less than two months. Goldman Sachs strategists led by David Kostin wrote in a report: "The Federal Reserve (FED) has implemented easing policies earlier and more deeply than expected, bond yields are lower than our previous expectations, the fundamentals of large stocks remain strong, and investors are willing to overlook potential short-term earnings weakness, all of which support our increase of the forward price-to-earnings ratio expectation for the S&P 500 index from 20.4 times to 22 times. The expected returns for the S&P 500 index over 3 months, 6 months, and 12 months have been raised to +3%, +6%, and +11%, respectively, with new target levels set at 6,400 points, 6,600 points, and 6,900 points, while previous forecasts were 5,900 points, 6,100 points, and 6,500 points."