Goldman Sachs: Q1 2026 Earnings Will Decide If S&P 500 Can Stabilize
Goldman Sachs says the S&P 500 has pulled back about 9% from January highs as rising oil prices, higher interest rates and the Iran war weigh on markets. The index's P/E multiple has fallen from 21x to 19x even as analysts have nudged 2026 EPS estimates up by 3%. With the U.S. Equity Sentiment Indicator at -0.9, the coming first-quarter 2026 earnin…