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S&P 500 could drop to 3,150 if Fed can’t muster soft landing

Yahoo Finance Video

Yahoo Finance's Brian Sozzi breaks down the stat of the day from Goldman Sachs on the potential downside to the S&P 500 from the Fed.

Video Transcript

[AUDIO LOGO]

- Let's get an our Stat of the Day here and take a little bit of a market balloon angle. 3,150, that's how low the S&P 500 could go if the Federal Reserve doesn't engineer a soft economic landing. At the same time, it aggressively lifts interest rates, says the folks at Goldman Sachs. If that level is hit, it would represent about a 17% plunge for the S&P 500 from current levels.