“The bumpy road will end up where it started.” That statement, the heading in Goldman Sachs Second Half Strategies, research report neatly sums up the bank’s playbook for the second half.
By the end of 2016, Goldman’s portfolio strategy analysts believe that the S&P 500 will sit at around 2100. However, it’s going to be a rocky ride before the index reaches this level.
Investors Have Been Twice as Likely to Pick a Stock Down 20% Than Up 20% YTD
Indeed, Goldman expects that the S&P 500 will experience a 5% to 10% pullback during the next few weeks as rising political uncertainty, unstable global growth,...
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