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![]() Alexandra SemenovaFortune |
A rising number of Wall Street analysts have begun to grow cautious heading into the third quarter.
Nvidia was still up 139% this year through Monday’s close.
Goldman Sachs Group Inc. strategists have boosted their year-end target for the S&P 500 Index for a third time.
“Market concentration has been very high, and positioning extended, which are typically red flags, at risk of a reversal.”
The type of high-level S&P 500 performance seen in the decade prior to 2021, “is gone for a generation,” the bank warned.