S&P 500 margins have plateaued, and technology margins will start to decline during 2017 according to Goldman Sachs, which has today published a downbeat report on the outlook for the S&P 500 for the next two years. ValueWalk has been able to review the report.
Goldman expects 2015 to be the worst year for S&P 500 EPS since 2008, although, if you exclude the energy sector, earnings are expected to expand by a healthy 7% for the year. Including energy earnings Goldman predicts S&P 500 EPS will fall by 7% to $016.
Looking forward, Goldman believes that S&P 500 EPS will grow...
