Goldman Sachs Changes Forecast, Now Expects Fed Rate Hike in September

Goldman Sachs' revision of its Fed rate hike forecast is creating uncertainty for rate-sensitive banking stocks. GS stock is currently at 1028.89, slightly negative with a 0.94% decline over 24 hours. RSI at 51.5 is in neutral territory, MACD is negative but near the signal line; SMA20 and SMA50 are almost at the same level (1026.5), indicating a sideways trend. Since the direction of the news is not clear, a sharp move is not expected in the short term; support at 1026 and resistance at 1035 should be monitored. The change in rate hike expectations could have a medium-term impact through bank profitability, but the effect may be limited in the 1-3 day outlook.

Goldman Sachs' revision of its Fed rate hike forecast could have an indirect impact on growth stocks like GOOGL through interest rate expectations. However, since the news is not directly company-specific, the impact may be limited. Technical indicators are mixed: RSI at 55.9 is neutral, MACD is positive above the signal line, and the price is slightly above the SMA20 and close to the SMA50. The change over the last 24 hours was only 0.1%, so a clear short-term directional signal is weak. Therefore, the 1-3 day outlook is neutral; caution is warranted until the direction of the change in rate expectations becomes clear.