S&P 500's Bull Market Rally Leaves Goldman, Morgan Stanley Split on Way Forward
The S&P 500 entering a bull market has left Wall Street’s top strategists split on the way forward.
Goldman Sachs Group Inc.’s David Kostin expects the gains to continue as other sectors catch up with the searing rally for technology shares. Morgan Stanley’s Michael Wilson, meanwhile, points instead to the bear market of the 1940s, when the S&P 500 rallied 24% before returning to a new low.
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Fernande Dalal
Update: 2024-08-29