Goldman Sachs strategists say bear market will last in 2023
The strategists estimate the S&P 500 will end 2023 at 4,000 index points — just 0.9% higher than Friday’s close — while Europe’s benchmark Stoxx Europe 600 will finish next year about 4% higher at 450 index points. Barclays Plc strategists led by Emmanuel Cau have the same target for the European gauge and said the path to get there will be “tricky.”
