Goldman Sachs forecasts S&P 500 returns of just 3% over next decade -- depending on these stocks' gains

  • 📰 nypost
  • ⏱ Reading Time:
  • 25 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 67%

Business News

Goldman Sachs,Investors,Stocks

Goldman’s tepid prediction comes during a particularly bullish market, with the S&P 500 amassing a 27% annual total return the last two years.

US stocks are unlikely to maintain their above-average performance over the next decade as investors plow into other assets, signaling an end to the S&P 500’s king-sized returns, Goldman Sachs Group strategists said Monday.

There is a 72% chance the S&P 500 Index will trail Treasury bonds and a 33% chance the stocks will lag inflation through 2034, the strategists said.“Investors should be prepared for equity returns during the next decade that are toward the lower end of their typical performance distribution,” the Goldman team wrote in a note.

Mahoney Asset Management CEO Ken Mahoney said he agrees the benchmark index will be due for a down year, but he does not think it will come so soon.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 91. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs raises S&P 500 EPS, index price target ahead of 3Q earningsGoldman Sachs raises S&P 500 EPS, index price target ahead of 3Q earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Goldman Sachs is getting more bullish about stocks, raises S&P 500 forecast to 6,000Goldman Sachs thinks the stars are aligning for the stock market through year-end and beyond.
Source: CNBC - 🏆 12. / 72 Read more »

Goldman Sachs Stock Drops Despite 54% Earnings Jump: Time to Buy?Stocks Analysis by ValueWalk (Dave Kovaleski) covering: Goldman Sachs Group Inc. Read ValueWalk (Dave Kovaleski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »