S&P 500 Price Target by the End of 2020 and the Next 12 Months Goldman Sachs maintains its S&P 500 price target to 3600 by the end of 2020, and its 12-month S&P 500 price target to 3800. Image: Goldman Sachs Global Investment Research
Average S&P 500 Price Performance – U.S. Presidential Election Results The S&P 500 has been a great indicator in the three months prior to the U.S. presidential election. Image: Strategas Research Partners
S&P 500 Price Target for 2020 and 2021 Goldman Sachs maintains its S&P 500 price target of 3000 by the end of 2020, and has set a mid-year 2021 target of 3100. Image: Goldman Sachs Global Investment Research
S&P 500 Price Return vs. 2021 EPS Revisions This chart highlights the positive correlation between price return and 2021 earnings revisions. Image: Goldman Sachs Global Investment Research
S&P 500 Price Target for 2021 J.P. Morgan expects the S&P 500 to reach 3650 by the end of 2021. Image: J.P. Morgan
Sensitivity of the 2020 S&P 500 Price Targets to the Yield Gap Goldman Sachs expects the yield gap to narrow by year-end 2020. Image: Goldman Sachs Global Investment Research
S&P 500 Price Returns Relative to Onset of Next U.S. Recession The performance of the S&P 500 has generally been positive until six months prior to a recession. Image: Investment Strategy Group, Bloomberg
S&P 500 Price to Book Value vs. Future Returns The current S&P 500 price to book value suggests that equity market returns will be low over the next 10 years (R² = 0.86). Image: Tomasz Hońdo
S&P 500 Price Return 12-Month Period Following Midterm Election Since 1946, the S&P 500 has never declined in the 12 months following a midterm election. Image: Strategas
Golden Cross Materializes in S&P 500 Price Action JPMorgan’s Philip Camporeale and David Kotok, CIO at Cumberland Advisors, discuss the late cycle euphoria. Rally in equities continues until it stops!
S&P 500 Valuation – Shiller’s Cyclically-Adjusted Price-To-Earnings (CAPE) Ratio The Shiller CAPE ratio is high compared to historical norms. While valuation metrics aren’t reliable timing tools, investors should note that extended periods of high valuations typically lead to lower future returns. Image: Morgan Stanley Research