Goldman Sachs expects the S&P 500 index to rise by a more modest 9 percent by the end of next year, saying the record-setting rally is likely to cool on worries over slowing economic growth and the prospects of higher interest rates.
The U.S. equities market has been on a tear this year, with the benchmark index surging about 25 percent as the economy recovers from the pandemic lows, driving corporate earnings.
