Goldman Sachs’s David Kostin slashes year-end target for S&P 500 to 4300 (afr.com)
令人不解的是，他年底的死皮PE是17倍，4300意味者2022 SPX的EPS是$253，这比consensus $227要高很多。按照2019年EPS 163，SPX 3230计算，EPS 253对应死皮5013.
In a note, Goldman equity strategist David Kostin said: “Our new baseline forecast assumes no recession and implies the [price to earnings ratio] ends the year unchanged at 17 times
I see this is one of the signs of capitulation after last week's washout in sentiment.