Will Goldman's Calls Fall On Market Performance Fall Short Again?Mark Melin
When Goldman Sachs looked at the economic panoply in late 2015, it made a 2016 price forecast on the S&P 500 of 2100, then a slight move from where it closed the year. The broad US stock market benchmark ended 2016 at 2238 on a surprise Presidential election and difficult to forecast market reaction. When the legendary investment bank looks at 2017, it makes a similar stock market performance forecast, predicting that stock market returns have basically been already achieved on a year-end basis.
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