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90 Page Goldman Sachs Note Asks "Where To Invest Now?", Sees S&P 500 Falling to 2300 By Year-End (Chart Porn)

June 6, 2017 11:01 AM EDT

Goldman's chief market strategist David Kostin continues to expect the S&P 500 to slide back ~6% and close FY 2017 at 2300. He sees two Americas to invest in, one is outside the Beltway in D.C. and the other is inside the Beltway. He expects returns to be limited as valuations are high along with strength in positive investor sentiment all the while VIX remains low.

Touching on four fundamental metrics he sees:

2% economic growth path,3% adjusted EPS growth path for S&P 500 constituents,high valuations and expects mutual funds andpension funds... More