S&P 500 Index to end 2022 down at 4,700 – Goldman Sachs

An analyst at Goldman Sachs offers his take on the S&P 500 index, predicting the US equity index to end this year lower at 4,700.

Key reasons

“I’m starting to worry more about the accumulation of downside risks to growth, which again I admit is more of an instinct than anything more sophisticated.“

“In this regard, I think we should all be keeping a close eye on the funding markets -- and, perhaps more importantly, the corporate credit markets -- for signs that something more significant is manifesting.”

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