"Our baseline view is that the S & P 500 will rise by 3% to 4500 by year-end 2023 and will reach 4700 (+7%) in 12 months.
The S & P 500 is up about 14% year to date, surprising many on Wall Street who predicted a weak first half for stocks.
.SPX YTD mountain The S & P 500 has rallied in the first half of the year, bucking the predictions of many experts.
To hedge against the S & P 500 falling, Goldman's options analysts recommended using a put-spread collar on the index.
One important consideration is that, as a hedge, the trade has less risk for investors who already own the S & P 500.
Persons:
Goldman Sachs, Cormac Conners, Goldman, — CNBC's Michael Bloom
Organizations:
Survey