These Are The Four Questions Goldman’s Clients Want Answered

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

zerohedge.com / by Tyler Durden on 04/23/2016 – 15:53

There is little joy for bulls in David Kostin’s latest weekly kickstart, in which the chief Goldman strategist says that “the S&P 500 has reached our 2016 year-end target of 2100. We expect that the index will remain at this level given tepid US GDP growth, a mixed earnings outlook, and elevated valuation.Corporate repurchases are the main source of US equity demand. We forecast S&P 500 gross buybacks will rise by 7% to $600 billion in 2016. S&P 500 cash M&A spending surged 116% last year but we forecast a 40% decline in 2016 to $240 billion, reflecting increased regulatory scrutiny, new tax policies, and political and policy uncertainty.”

With that rather gloomy forecast out of the way, Goldman then goes on to list the four most pressing questions troubling its clients as of this moment, starting with “Where to from here?” As Kostin writes,this “is the question we receive most frequently from investors now that the S&P 500 has reached our year-end 2016 target. After an 11% plunge to start the year, US equities have rebounded by 14% and have now posted a 2% gain YTD. We maintain our forecast that S&P 500 will end the year at 2100, unchanged from the current level.”

Broad “big picture” questions aside, here are the four things Goldman’s clients would like answered asap.

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Thanks to BrotherJohnF