Goldman Says “Flat is The New Up” For US Stocks

The old saw "what goes up, must come down" apparently applies to stock markets as well as rocks thrown up in the air, at least according to Goldman Sachs Equity Research. In their US Weekly Kickstart of August 14th, David J. Kostin and team point out that US stocks have been on a roll for several years now, and markets inevitably play catch up at some point.

Kostin et al offer provide an explanation of their thesis in the introduction to the report. "We forecast the S&P 500 index will...

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