The bull market will continue in 2022: Goldman Sachs
- Date: 18-Nov-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
The bull market will continue in 2022: Goldman Sachs
The investing landscape will likely be much different in 2022 than 2021, but the backdrop is still fertile for more gains on the S&P 500, according to Goldman Sachs.
Goldman said Tuesday it expects the S&P 500 (^GSPC) to rise 9% to 5,100 by the end of 2022. If achieved, that would mark a 10% total return including dividends. Through Tuesday, the S&P 500 had advanced about 25% so far in 2021.
"The equity bull market will continue," said David Kostin, Goldman Sachs chief U.S. equity strategist.