Goldman Sachs has released its 2018 stock market forecast, and it’s bullish.
In a note to clients published Tuesday, David Kostin and the equity strategy team at Goldman Sachs said they expect the S&P 500 will rise 11% in 2018 to hit 2,850 by year-end.
Goldman is the latest Wall Street bank to come out with a bullish call on the stock market for the year ahead, with Yahoo Finance’s Sam Ro detailing over the weekend that so far strategists at BMO Capital, UBS, Deutsche Bank, and Credit Suisse have each called for double-digit returns in 2018.
Read more at Yahoo Finance