Goldman’s bear market warning for equities – WORLD

S&P 500 to end 2023 0.9% higher than Stoxx Europe 600 4%

Strategists predict the S&P 500 will end 2023 at 4,000 index points, up just 0.9% from Friday’s close, while the Stoxx Europe 600 will end next year at 450 index points, up about 4% current level. Strategists at Barclays Plc, led by Emmanuel Cau, also said they have the same target for the European benchmark index and that the path to that level will be “difficult”. 19 restrictions in China, and a number of global indexes declined. The technique came after the last rally that forced it into bull market levels. The sharp rise since mid-October comes after a turbulent year in global markets that dragged on central banks. aggressively raising interest rates to curb concerns about inflation and recession. Stating that earnings are not sustainable, the strategists said: “The short-term trajectory of equity markets is likely to be unsustainable and bearish.”