Equity futures suggest that the S&P 500 index could surpass 4,300, indicating a positive trend. However, much depends on the outcome of the Federal Reserve meeting and inflation data. Analyst Mike Wilson of Morgan Stanley believes that the earnings recession is not yet over and that the market's gains cannot be sustained. Wilson predicts that the S&P 500 will drop to 3,900. Goldman Sachs is among the most bullish on Wall Street, increasing its S&P 500 target to 4,500 from 4,000. Goldman Sachs argues that if economic growth remains strong and inflation continues to soften, a declining equity risk premium will offset slightly higher real interest rates, supporting current equity multiples. They also believe that increased productivity and widespread adoption of artificial intelligence (AI) will boost the long-term compound annual growth rate for S&P 500 earnings per share.