Goldman Sachs cautions that predicting the next decade of returns is hard π΅βπ«
The strategists forecast lackluster returns, but they definitely don't guarantee it π€
Goldman Sachsβ U.S. equity strategy team is making waves after publishing a research report forecasting a decade of lackluster returns for the stock market.
Here are the first two sentences of the note that was published late Friday:
We estimate the S&P 500 will deliver an annualized nominal total return of 3% during the next 10 years (7th percentile since 1930) and roughly 1% on a real basis. Annualized nominal returns between -1% and +7% represents a range of likely outcomes around our baseline forecast and reflects the uncertainty inherent in forecasting the futureβ¦
Okay, Iβm gonna stop there.
That first sentence makes for jarring headlines and unsettling sound bites.
But that second sentence is far more telling.
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