Here's why Goldman raised S&P 500 year-end forecast

David Kostin, Goldman Sachs chief U.S. equity strategist, joins 'Squawk on the Street' to discuss why the strategist moved his estimates, why his bull case for the S&P is $6300, and much more.

[christianalawal]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[SandraDurkin-yu]

It's interesting that Goldman Sachs has raised their S&P 500 year-end forecast, but I'm still concerned. Currently, 35% of my $270, 000 portfolio consists of collapsing stocks that were previously well-respected, and I don't know where to go from here. This news gives me a bit of hope, but I'm still looking for guidance on how to manage such underperforming assets in the current market.

[kurtKking]

I have a 3 fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.

[moozillamoo]

I read that as S&P "500 year-end forecast." I thought that was some impressive forecasting.

[saibalmitra]

Goldman chasing the market just like they did in 2000. Thnig is that 5600 is just a small increase from where we are today, so I take these sorts of PTs as a rather bearish sign.

[Dptl]

I like him as much as hes little too happy and optimistic sounding 😂

[Larryake]

Mr. Kostin, any thoughts on GCT (Gigacloud) specifically?

[petermaag]

Mark to market and keep 4 scenarios covering the 4 to 6k range. GS knows how to play the strategist game

[luckyskivvy]

The target is the highest price fools are willing to buy at.

[Watcher-tsql]

I really wanna see how this statement will age.

[jhull]

Crazy but now we have the S&P 5 not 500. Some would say it's the S&P 3, Nvidia, Apple, and Microsoft. But the stock market has not reflected the real economy affecting the average American. It is a little unnerving when only three or four stocks are accounting for the moves in S&P so called 500. The AI frenzy is the fuel not the potential FED rate hikes that is moving this market. Take advantage of it because when it ends it will get ugly.

[tombrown]

Damn top is in soon. Anytime GS upgrades or downgrades, go opposite.

[skyak]

What is the ROI of AI?
That is indeed the question!

[keithreynolds]

They keep hiking because they keep getting it wrong

[paulmarsilio]

David Kostin is telling Goldman's best clients (i.e. the 10% that generate 75% of the revenues) what he really thinks about the year-end S&P 500!

[Alpharizzchad]

Remember all laws written take time to go into affect. Build back better. Are all S& P companies. Mid cap. So you have the move. AI don't buy chips. Buy the Storage and chip makers and The most important the software. AI is crap with out the software.

[wesleykawakami]

Just do the opposite of what these clowns say to make money. Does anyone believe they go on TV to give good free advice?

[jon]

Everyone invest so we can pull out got it. Oh also our crystal ball was wrong again

[BigTexMSH]

Remember this: these guys always push the markets because they make BIG bucks in yearly commissions. Period. It's not for your best interest. It's for theirs.

[prabhu]

Cyberopolis approach to blockchain technology is both innovative and practical. This project has the power to change the game.