FYI: Goldman Sachs strategists are estimating a 5% gain in the S&P 500 next year. That’s close to three times the year-to-date return of the index through November 2, following steep losses in October.
Underpinning the Goldman forecast are expected net sales by pension funds (-$100 billion), mutual funds (-$125 billion) and households (-$175 billion) offset in part by net buying from foreign investors (+100 billion) and most prominently corporations (+$700 billion).
Regards,
Ted
https://www.thinkadvisor.com/2018/11/05/goldman-forecasts-5-gain-for-sp-500-in-2019/
