Goldman Sachs upgrades global equities to overweight ahead of Q3 earnings season
Goldman Sachs' equity strategy team raised its three‑month outlook on global equities from neutral to overweight, citing resilient corporate earnings and a valuation pullback that improves risk‑reward. The bank also turned its 12‑month view on government bonds to overweight while staying neutral on credit. It left its year‑end 2026 S&P 500 target at 8,000 and expects third‑quarter earnings to beat expectations.
Why it matters
The upgrade signals to investors that Goldman sees higher upside in equities versus bonds, which may prompt portfolio rebalancing toward stocks, especially in the U.S. and Asia. The unchanged 8,000 S&P 500 target reinforces the bullish stance without altering price expectations.
Key facts
- 1Goldman upgraded global equities to overweight for the next three months, moving from neutral. finance.biggo.com
- 2Goldman upgraded government bonds to overweight for a 12‑month horizon. finance.biggo.com
- 3Goldman left its year‑end 2026 S&P 500 target at 8,000. finance.biggo.com
- 4Goldman expects S&P 500 third‑quarter profits to grow 25% year over year. finance.biggo.com
- 5FactSet forecasts S&P 500 third‑quarter EPS growth of 29.5% year over year and revenue up 12.3%. finance.biggo.com
- 6Goldman projects 18% S&P 500 earnings growth in 2027, excluding other income. tradingview.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.