David Kostin has been a daily in monetary media for a few years (I have been writing about him for greater than a decade) however he is determined to retire. The Goldman Sachs Chief US Fairness Strategist final made main headlines round this time final yr when he predicted 3% annualized returns within the S&P 500 for the approaching decade, or simply 1% in actual phrases.
That decision hasn’t gotten off to a very good begin with the S&P 500 up practically 13% this yr. However who’s to say if he is improper, he might simply be early. The 13% annualized returns over the previous decade will probably be a lot more durable to repeat with excessive valuations and de-globalization.
Goldman Sachs has appointed Ben Snider as new Chief US Fairness Strategist.
