Goldman Sachs warns: financial report euphoria cannot hide three major headwinds, expects S&P 500 index to remain flat in the next three months.

According to the Zhitong Finance APP, despite the first-quarter earnings season outperforming expectations and positive signals emerging from trade negotiations, Goldman Sachs Chief Strategist David Kostin still urges investors to remain cautious. In a report released on May 9th, he pointed out that although S&P 500 index companies saw a 12% year-on-year increase in first-quarter profits (twice the expected 6% increase before the earnings season), potential economic challenges and uncertainty in tariff policies could still pose pressure on the market.