While many investment strategists see rising dangers for the economy and stocks, Goldman Sachs predicts that the bull market will charge ahead through the end of next year, with the S&P 500 Index (SPX) reaching 3,100 by the end of 2019 and 3,400 by the close of 2020, for respective gains of roughly 4% and 14% from today. Goldman believes that the U.S. economic expansion is far from over despite the impact of the U.S.-China trade war and slowing global economies. “Our economists expect that a US recession is unlikely during the next two years.
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