Get your expectations in check, bulled-up investors: One of Goldman Sachs' top stock strategists sees more gradual stock gains over the next 12 months.
"We should acknowledge that the S&P 500 and indeed other equity markets around the world have had a phenomenal return over the course of the last year and year to date," Goldman Sachs chief global equity strategist Peter Oppenheimer told Yahoo Finance in an exclusive interview on Opening Bid (video above). "So we've already had a lot of good returns behind us. We would expect lower returns from here."
Oppenheimer has a loyal following on the Street for many prescient calls on stocks over the years. In early March, he took a cautious view of markets before stocks hit their lows for the year later that month.
"In most cases, we're talking about mid- to high-single-digit [percentage] returns over the next 12 months, lower than we've been seeing in every region in the last 12 months," Oppenheimer added. "But still, you know, relatively decent so long as economic growth continues. That's our expectation."
To be sure, the factors are in place for a more muted backdrop for stocks heading into the end of the year, after a 12% gain for the S&P 500 (^GSPC) so far in 2026.
#year #months #returns #next
"We should acknowledge that the S&P 500 and indeed other equity markets around the world have had a phenomenal return over the course of the last year and year to date," Goldman Sachs chief global equity strategist Peter Oppenheimer told Yahoo Finance in an exclusive interview on Opening Bid (video above). "So we've already had a lot of good returns behind us. We would expect lower returns from here."
Oppenheimer has a loyal following on the Street for many prescient calls on stocks over the years. In early March, he took a cautious view of markets before stocks hit their lows for the year later that month.
"In most cases, we're talking about mid- to high-single-digit [percentage] returns over the next 12 months, lower than we've been seeing in every region in the last 12 months," Oppenheimer added. "But still, you know, relatively decent so long as economic growth continues. That's our expectation."
To be sure, the factors are in place for a more muted backdrop for stocks heading into the end of the year, after a 12% gain for the S&P 500 (^GSPC) so far in 2026.
#year #months #returns #next
2 months ago
