Global Equity Strategy: Bear market is not over – Goldman Sachs

Analysts at Goldman Sachs provide a grim outlook on global equity markets through 2023.

Key quotes

"We continue to think that the near-term path for equity markets is likely to be volatile and down before reaching a final trough in 2023."

Goldman Sachs 2023 forecasts: “S&P 500 at 4,000; Stoxx Europe 600 at 450; Japan's Topix at 2,100; MSCI ex-Japan Asia Pacific at 550.”