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. Goldman Sachs Abandons Five of Six ‘Top Trade’ Calls . Investors will have difficulty in 2017…
Will Goldman's Calls Fall On Market Performance Fall Short Again?
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.