(Bloomberg) U.S. stocks are nearing the end of a long bull market, according to investment strategists at Goldman Sachs Group Inc. who cater to the bank’s wealthy individual clients.
“We expect a few more innings and are cautiously optimistic,” according to the 2016 outlook report by the bank’s private wealth management unit. “We expect modest single-digit returns for a moderate-risk, well-diversified portfolio given current equity valuations and the level of interest rates.”
