Goldman Sachs strategists have upgraded their three-month rating for global equities from neutral to overweight, citing robust corporate earnings as the primary driver for further market gains. Led by Christian Mueller-Glissmann, the team noted that while rising oil prices and bond yields recently stalled momentum, valuation pressures have eased ahead of the Q3 earnings season, improving the risk-reward profile. This short-term upgrade now aligns with the firm’s existing 12-month bullish stance. Other major Wall Street institutions are similarly optimistic about U.S. equities due to resilient profit expectations. Bank of America strategist Subramanian raised the S&P 500 year-end target to 7,400 points, while Barclays also lifted its forecast, pointing to sustained corporate earnings strength as a key factor supporting continued market upside.