Goldman Sachs has raised its S&P 500 return forecasts, projecting gains of 3% over three months, 6% by year-end, and 11% over 12 months, with target index levels of 6,400, 6,600, and 6,900 respectively. The firm cited earlier and deeper Federal Reserve easing, lower Treasury yields, and continued fundamental strength in large-cap U.S. stocks as key factors. Bank of America Global Research also increased its year-end S&P 500 target to 6,300 from 5,600, highlighting the resilience of Corporate America. Meanwhile, Barclays, UBS, and Morgan Stanley have raised their 2025 GDP growth forecasts for China, with Morgan Stanley now projecting 4.8%, UBS 4.7%, and Barclays 4.5%, up from previous estimates ranging from 4.0% to 4.5%. The International Monetary Fund (IMF) has similarly upgraded its global GDP growth forecast for 2025 to 3.0% from 2.8%, raising the U.S. growth estimate to 1.9% from 1.7%, and China's to 4.8% from 3.8%. The IMF attributed these revisions to factors including reduced U.S. tariffs, stronger-than-expected economic activity, and easing trade tensions. Additionally, Goldman Sachs raised its 12-month target for the MSCI China Index to 90 from 85, implying an 11% upside driven by improving prospects for a U.S.-China trade deal.