Goldman says political gridlock to propel stocks in 2020: ‘United we fall, divided we rise’

In a note subtitled, “United we fall, divided we rise,” David Kostin, chief U.S. equity strategist at Goldman Sachs, outlined his market predictions for 2020.

“We expect the current bull market in US equities will continue in 2020. The durable profit cycle and continued economic expansion will lift” stocks, he writes.

Kostin announced earlier this month that his official 2020 S&P 500 target is 3,400, a figure that implies more than 9% upside.
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Goldman Sachs told clients on Monday that the longest bull market in modern U.S. history will continue in 2020 and mark its 11th anniversary in part thanks to an expected political stalemate in Washington.
https://www.cnbc.com/2019/11/25/gold...11th-year.html