Goldman Sachs upgrades global stocks to overweight, forecasts S&P 500 at 6,800, citing strong growth and expected Fed rate cuts.

Goldman Sachs upgraded global equities to "overweight" for the next three months, citing strong economic momentum, supportive policies, and resilient earnings, with the S&P 500 now forecast at 6,800. The firm expects Fed rate cuts without recession, driving market gains, though it downgraded global credit and cash due to high valuations and low returns. Despite a "Goldilocks" environment, risks like growth shocks, delayed rate cuts, or dollar declines could trigger volatility before year-end.