Goldman Sachs CEO sends stark reminder on stocks

分组1 - Corporate profits for S&P 500 companies are experiencing significant growth despite an increase in effective tariff rates from 2.4% to 17.9% [1] - Third-quarter earnings-per-share (EPS) growth for S&P 500 members is projected to rise by 10.7% year over year, marking four consecutive quarters of double-digit EPS growth [3] - The S&P 500 index has increased by 16% year-to-date and 36% since its low on April 8, reaching all-time highs and raising its price-to-earnings (P/E) ratio from approximately 18 to nearly 23 [4] 分组2 - The market's recovery since April has been characterized by increased investor confidence, as noted by Goldman Sachs CEO David Solomon, who emphasizes the importance of being aware of market risks [5][6] - The S&P 500 is on track for a potential third consecutive year of returns exceeding 20%, with the Nasdaq showing even more impressive gains of over 18% in 2025 and more than 54% since the April low [7] - The upward movement in the market followed a 19% selloff from February to April, influenced by changes in tariff policies [9]