Goldman Sachs: Weak stock market returns are ahead even with booming earnings
June 21, 2018 at 11:37 AM EDT
A continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank's strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns.