Goldman Sachs: Stocks do not always follow patterns, but this time it...

Goldman Sachs: Stocks do not always follow patterns, but this time it will be so

SHARE
Goldman Sachs: Stocks do not always follow patterns, but this time it will be so

David Kostin and team strategists on the market shares of Goldman Sachs argued that in the next 12 months, before the first increase in interest rates the Fed, S & P 500 will grow by 6%.

“Markets do not always follow the historical pattern,” – writes Kostin, “but we expect the S & P 500 gained 6% over the next 12 months, before the long-awaited increase in interest rates the Fed in the third quarter of 2015 shares grew in the years that preceded the first stages of easing, the Fed , in 1994, 1999 and 2004, both microeconomic and macroeconomic indicators suggest that the economy is the United States is strengthening. “

Kostin and his team once again repeated its forecast made ​​earlier this month that “a sharp divergence” expects stocks and bonds in a few years.

Goldman still expects earnings per share until 2018, adjusted for inflation, will be 4% in annual terms, and on bonds – 1%.

These figures suggest that interest rates will return to normal historical average, 4%.

Goldman Sachs: Stocks do not always follow patterns, but this time it will be so Goldman Sachs: Stocks do not always follow patterns, but this time it will be so

SHARE