Why Goldman Sees Bull Stampede Through 2020 Despite Recession Fears

Why Goldman Sees Bull Stampede Through 2020 Despite Recession Fears

While many investment strategists see rising dangers for the economy and stocks, Goldman Sachs predicts that the bull market will charge ahead through the end of next year, with the S&P 500 Index (SPX) reaching 3,100 by the end of 2019 and 3,400 by the close of 2020, for respective gains of roughly 4% and 14% from today. Goldman believes that the U.S. economic expansion is far from over despite the impact of the U.S.-China trade war and slowing global economies. "Our economists expect that a US recession is unlikely during the next two years.