'Path Ahead Will Remain Bumpy'; Goldman's Chief US Equity Strategist Warns 'Recent Vol Is Precursor To More Ahead'

The path will remain bumpy, but Ben Snider, Goldman Sachs Chief US equity market strategist, says earnings growth should continue to lift US equities. 

We expect the S&P 500 to rise 8% by year-end to our target of 8000. Elevated trading leverage and uncertainty about both the macro outlook and the AI buildout suggest volatility will persist. But investors have dealt with uncertainty by anchoring on near-term earnings, and the outlook for earnings is solid.