Goldman Sachs forecasted declining equity returns from the S&P 500 (^GSPC) over the next decade, slowing to 3% compared to the 13% returns seen over this past ten years. Yahoo Finance senior markets reporter Josh Schafer explains Goldman Sachs’ latest note, noting equity strategist Ben Snider’s assurances that this isn’t as bearish a call as it looks. "We remain very confident in the outlook for long-term corporate profit growth. We feel good about the long-term outlook for the average [S&P 500] stock. The concern that we have is that concentration is extremely high … And when we put that in our models, it points to low average returns," Snider told Yahoo Finance.
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