According to Goldman Sachs, Are We There Now?
Every year Goldman Sachs and the big Wall Street firms issue a yearly prediction for their very wealthy clients. This year, Goldman commented that their expectation was for the market to move up slightly above 3%.
There was a dilemma yesterday because the NYA, S&P 500, and the NDX were above a 3% up move for the year. The concern now, centers around what if Goldman pulls out with its clients money now? They either have to raise their expectations or start moving their clients out of the market.