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Here are Goldman’s 2017 forecasts for stocks, oil and more — in one chart
This year has been particularly bad for many in the predictions business, but that isn’t stopping market forecasters from doing their thing.
A team of Goldman Sachs analysts led by Charles Himmelberg has offered 2017 targets for a range of asset classes.
Their forecasts for the S&P 500 , major currencies, the 10-year Treasury yield, oil prices, gold prices and more are shown in the chart below.
Don’t dream big, if you think Goldman’s targets have merit. The analysts largely don’t see big gains.
“Valuation levels for equities and especially bonds remain highly elevated by historical standards, so expected returns appear to be low across most asset classes,” they wrote in their “Top Ten Market Themes For 2017” note, dated Thursday....MORE