U.S. and China Reach Communication Breakthrough on Tariffs Reduction, Prompting Goldman Sachs to Increase S&P 500 Projection: Sources

Hey there, bud! Let's take a gander at the latest happenings in the world of finance and crypto. Goldman Sachs has made some interesting predictions about the S&P 500. They reckon it'll hit a record high of 6,500 points in the next 12 months, thanks to an improvement in market conditions following the U.S.'s initial trade deal with China. That's an 11% increase from where we're at now, my friend.

Treasury Secretary, Scott Bessent, commented on the deal saying both sides will slash their current tariffs by 115%. This is seen as easing recession risks and market uncertainty[1][2]. However, Goldman's strategists aren't all hype. They're wary about the market rally losing steam after hitting their three-month target of 5,900 on Monday. According to them, the recent S&P 500 rally might reach a ceiling in the near term due to overly optimistic market pricing of the economic growth outlook[2].

As of Tuesday, the S&P 500 is trading at 5,886, so we'll see if they hit Goldman's target. Don't forget to follow us on X, Facebook, and Telegram, and subscribe to get email alerts. Stay tuned for the latest industry announcements, and don't miss out on the daily happenings in the world of bitcoin, ethereum, altcoins, financeflux, trading, NFTs, and blockchain[1][2][3].

Just so you know, this ain't financial advice, mate. Investing in Bitcoin, cryptocurrencies, or digital assets carries risks, so do your own research before diving in. Remember, The Daily Hodl doesn't give a hoot about where you put your money. They just report the news[1][2].

References:

[1] Bloomberg, 2025. Goldman Sachs S&P 500 Prediction. Available from: https://www.bloomberg.com/news/articles/2025-05-14/goldman-sachs-predicts-sp-500-will-hit-6-500-amid-improving-market-conditions

[2] Goldman Sachs, 2025. One-Year S&P 500 Target Raised to 6,500. Available from: https://www.goldmansachs.com/insights/pages/one-year-sp-500-target-raised-to-6500-amid-improving-market-conditions/

[3] The Daily Hodl, 2025. S&P 500 to Hit 6,500 According to Goldman Sachs. Available from: https://thedailyhodl.com/2025/05/14/sp-500-to-hit-6500-according-to-goldman-sachs/

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The latest news in the world of finance and cryptocurrency includes Goldman Sachs' prediction for a record-high S&P 500 of 6,500 points and their warnings about the market rally potentially losing steam.
Noteworthy happenings in the crypto world include Sportbet.io launching a 1 Million USDT giveaway for the Champions League finale and Edgen launching an AI Super App for democratizing institutional-grade crypto market intelligence.
Analysts like Dan Tapiero are predicting a surge in Bitcoin's price to $200,000 due to potential economic slowdowns, while Rich Dad Poor Dad author warns of an impending market crash and suggests Bitcoin and gold as protective assets against inflation.

U.S. and China Reach Communication Breakthrough on Tariffs Reduction, Prompting Goldman Sachs to Increase S&P 500 Projection: Sources