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Valuation matters for long-term
returns. But for the next 12 months? It tells you absolutely
nothing. The S&P 500 has delivered wildly different 1-year
returns at every CAPE level |
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00:01 - 05/01/26
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The
largest companies in America, China and Europe.
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“We call a tariff a
protective measure. It does protect; it protects the
consumer very well against one thing. It protects the
consumer against low prices.” – Milton Friedman
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Goldman is looking for 2.6% US GDP growth in 2026, above the
consensus view of 2%
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Goldman's economic surprises index is now reading
-0.4 as we see some lower deviations in recent economic data
vs estimates
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