BiyaPay Analyst: Leveraging favourable information from the China-US trade negotiations, Goldman Sachs raises its expectations for US stocks, and the S&P 500 is expected to rise another 11%.

BlockBeats News: On May 13, Goldman Sachs raised its U.S. stock target as the easing of trade tensions between China and the United States drove the return of “Buy America” trading. Goldman Sachs strategists expect the S&P 500 to hit 6,500 points over the next 12 months, up from the previous forecast of 6,200 points and an 11% upside from Monday’s close. U.S. stocks surged on Monday after U.S. and Chinese negotiators agreed to temporarily lower tariffs, with traders betting that the U.S. economy could avoid a recession. However, Goldman Sachs remained cautious, pointing to the market’s optimistic outlook for economic growth and uncertainty over the slowdown in economic and corporate earnings growth, which could limit the price-to-earnings ratio in the coming months. In addition, while the latest agreement has alleviated some of these concerns, tariff rates in 2025 could be higher than in 2024, putting pressure on margins. Investors are advised to focus on stocks of companies that have high pricing power and can maintain profit margins. As the world’s first multi-asset trading wallet, BiyaPay has opened up the instant exchange of 30 fiat currencies and 200 digital currencies, and users can directly participate in the U.S. stock/Hong Kong stock securities market by exchanging USDT 1:1 in equal amounts, and the digital currency spot/contract maker has zero handling fees.