“Following the strong recovery in 2021, we expect global earnings to rise 8% in 2022 – in line with consensus – which should support a reasonably strong year for equity markets as a whole, and contribute to a new bull market. , albeit at a slower pace “. This is what we read in the 2022 outlook signed by the research division of Goldman Sachs on the US equity strategy.
“Our targets in each region imply an approximate 11% rise in global equities over the course of 2022”. Regarding the US stock exchange, Goldman Sachs expects a 9% rise for the S&P 500 index over the course of 2022, up to 5,100 points.
Thus the team led by David Kostin, chief strategist for the US division, according to which the bull market, on Wall Street, will continue:
“Decelerating economic growth, the Fed’s tighter monetary policy, and rising real rates suggest investors should expect below-average returns next year.”
But, “even if they rise, real rates – reference to interest rates minus inflation – will remain negative, and investor allocations to equities will continue to test record values.”