The S&P 500 has been on shaky ground in recent months, registering its highest volatility since the Financial Crisis and declining by 4.8 percent in the past month. A new report by Goldman Sachs analyst Davis Kostin provides some comfort for investors worried about where the U.S. stock market is headed from here.
The Return Of S&P 2100
According to Goldman, the S&P 500 will be back near all-time highs at around 2100 by the end of 2015. “S&P 500 performance following market corrections during the past 40 years suggests the index will post positive returns through year-end,” Kostin explains. He adds that, despite international worries, the U.S. economy is still growing at a rate of about 2.5 percent.
Interest Rate Prediction
The big topic on Wall Street this week has been…
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