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Goldman Sachs forecasts the S&P 500 P/E to remain at 14x by year-end 2024, ranking in the 65th percentile since 1976, while the aggregate S&P 500 P/E of 18x will rank in the 83rd percentile. The S&P 500 is set to outperform the Russell 2000 by the widest margin since 1998. HSBC raises its 2024 China GDP growth forecast to 4.9% from 4.6%. Goldman Sachs expects real GDP to grow 1.8% in 2024, beating low consensus expectations. B of A forecasts a soft landing in the US and global economy, lower inflation, easier monetary policy, higher oil prices, and modest decline in bond yields. Goldman Sachs predicts the S&P 500 index to post a 6% total return in 2024, slightly below the typical return during presidential election years. The S&P 500 is under 2% from its year-to-date highs, while the equal weight S&P 500 is 6% off. The S&P, Dow, and Nasdaq are all up.