Goldman Sachs’ latest report (David Kostin, Goldman’s chief US equity strategist) on the S&P 500, in brief:Predict a 3% annualized return for the S&P 500 index over the next decade, real increase of 1%significantly lower than the index’s 13% annualized total return over the past ten yearsConsensus is around 6%, so GS is only half that
More, GS makes note that:
their projections fall within a range of +7% to -1%and uncertainty in forecasting such a distant future
This article was written by Eamonn Sheridan at www.forexlive.com.
