Goldman Predicts A ‘Regime Change’ To Falling S&P 500 PE
Goldman Sachs says that we are now looking at a ‘regime change’ from steadily rising EPS and PE multiples supercharging market returns over the few years to falling PE for the next couple of years as earnings get a chance to catch up with stock prices. Never ones to be too negative, they point out that slipping PE multiples means that the market will also have better upside potential.
“The drivers of equity returns during the next few years will be reversed: a 10% P . . .
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