U.S. Economic Growth Is Peaking And That Means Stocks Could Struggle This Year, Goldman Warns

As the economic benefits of massive fiscal stimulus and businesses reopening reach their peak in the coming weeks, Goldman Sachs analysts are warning that U.S. economic growth will slow, leading to"paltry" stock returns over the next year and an end to the market's massive pandemic rally.Key Facts

U.S. economic growth will peak within the next two months, Goldman analysts said in a Thursday morning note, forecasting that gross domestic product will grow by an annualized 10.

In a sign that fiscal stimulus effects and economic activity are peaking, the ISM Manufacturing index, a monthly economic indicator measuring industrial activity,at 65 in March—above the threshold of 60 that Goldman says typically represents peak economic growth. According to Goldman, the S&P 500 has historically fallen an average of 1% in the month after the ISM Manufacturing index registers more than 60, and in the subsequent 12 months, it's gained a"paltry" 3%—significantly less than the 14% annualized return over the last 10 years.

Goldman expects the S&P will end the year at 4,300 points—implying just a 4% increase from Thursday's close, lower than some other market forecasters who"Equities often struggle in the short term when a strong rate of economic growth begins to slow," a group of Goldman strategists led by Ben Snider said Thursday, noting that during the last 40 years."It is not a coincidence that ISM readings have rarely exceeded 60 during the last few decades; investors buying U.

Dear Friends,please support me to win this contest.This is the second round.Please click the links and like the video which is given below👇 1.2.3.Please share it on your social media.Thanks🙏 COVID19India

Why does it always have to be this guy? Why is 588 THE guy we see every time that there's a stock market reference?

No shit!

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

U.S. Economic Growth Is Peaking And That Means Stocks Could Struggle This Year, Goldman WarnsThe U.S. economic growth is peaking and that means stocks could struggle this year, Goldman warns Do you mean Goldman Sachs? Who is “Goldman”? And why would I care if a bunch of corrupt brokers are a little less rich this year... we are in the middle of a pandemic, you’re not supposed to be doing well...ummm unless you make your money from human misery... Stop 🛑.... there was no peaking with Trump! Story should be Biden will keep stocks down with his taxes. US growth is coming back because restrictions are easing. Wait, didn’t the US taxpayers have to bail out Goldman Sachs after their financial wunderkinds crashed the world economy in ‘08?
Источник: Forbes - 🏆 394. / 53 Прочитайте больше »

U.S. stocks steady on COVID worries; Netflix weighs on NasdaqU.S. stocks were little changed early Wednesday as rising COVID-19 infections around the world contribute to worries over global economic growth, while the...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

Stock market peak? ‘Easy money’ has been made but room for more gains, strategists sayThe “easy money” stage of the U.S. stock market rally is likely over, but there's still room for gains as economic growth steams ahead in 2021, bullish... good C I T A D E L 🤥 💩
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »