Goldman Sachs on 2019: Raise cash, get defensive and look out below if more tariffs happen
11/26/18
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from CNBC,
11/26/18:
- Goldman Sachs is not feeling very bullish about stocks in 2019.
- It says the S&P 500 will rise just 5 percent to 3,000 by year-end 2019 (after closing 2018 at 2,850).
- Its base forecast: Stocks return 7 percent, T-bills return 3 percent and Treasurys return 1 percent in 2019.
- But it says the market could be in for big trouble from tariffs.
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