Goldman Sachs report: 30-year Treasury yield at 5.3%, bull market expected to continue

Goldman Sachs' weekly outlook report indicates that while rising interest rates pressure stock valuations, earnings remain the primary driver for stocks. The firm expects the Federal Reserve to raise rates by 25 basis points next week. Despite rising rates and AI-related uncertainties, Goldman Sachs maintains a positive outlook, setting a year-end target of 8,000 for the S&P 500 and a 12-month target of 8,300.