Here’s the problem facing hedge funds investing in the stock market this year, according to Goldman Sachs Group Inc. chief equity strategist David Kostin: the sand box they like to play in has gotten a lot smaller.
The Standard & Poor’s 500 Index may fall to 1,100 if the U.S. debt-reduction supercommittee fails to reach an agreement on budget cuts, according to Goldman Sachs Group Inc.’s David Kostin.
Equity markets will probably climb 8 percent a year for the next decade, even though economic concern will subdue returns in 2012, Goldman Sachs Group Inc.’s chief U.S. equity strategist said.
The Standard & Poor’s 500 Index will end next year at 1,250 as a stagnating U.S. economy damps valuation increases for equities, Goldman Sachs Group Inc.’s David Kostin said.
"A lower oil price is actually a positive for the broad market."
- David Kostin on Jan 06, 2015