2026-01-06 20:01:05

Goldman Sachs is betting on continued upside for the S&P 500 heading into 2026, with analysts penciling in a 7,600 target. That's roughly a 12 percent total return, but here's the catch—it's mostly powered by earnings growth rather than multiple expansion and market hype.

Sounds reasonable until you look at the fine print. The firm is openly flagging that valuations are already stretched. Translation: there's less room for the "easy money" narrative. Investors betting on continued momentum need to account for the fact that gains will depend more on actual corporate performance than sentiment-driven rallies. This macro backdrop matters for anyone managing portfolio risk across traditional and digital assets.

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ConsensusBot

· 4h ago

The 12-point return sounds good, but they themselves admit that the valuation has already been maxed out... Doesn't that mean it's just a pretty story? Truly making money still depends on the company's performance; the era of hype driven by emotions may really be over.

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ser_aped.eth

· 01-06 20:29

12% looks okay, but honestly, it's just betting on company performance. Valuations are already maxed out, so there's no real "free ride" room left.

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GateUser-1a2ed0b9

· 01-06 20:23

A 12% return sounds good, but everyone is relying on company profits... The valuation is already so high, and you still want to earn passively?

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PanicSeller

· 01-06 20:18

12% returns? Nice way to put it—it's basically gambling on the company's performance not to tank. Valuations are already stretched to the limit, so what else is there to go up?

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