Goldman’s forecast for stocks over the next 3 months isn’t pretty—and investors should expect ‘less pain but also no gain’ next year

Despite a parade of recession predictions from Wall Street this year, Goldman Sachs’ strategists still believe a “soft landing” is likely.

But that doesn’t mean stock market investors should celebrate.

The 153-year-old investment bank’s equity research team, led by chief U.S. equity strategist David Kostin, said this week that they believe the S&P 500 will drop roughly 10% to 3600 over the next three months as interest rates rise.

After that, Kostin and his team made the case that the…

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