The S&P 500 sees 18% growth over the previous 12 months; one of the best years on record
December 31 2019: Goldman declares US economy is recession-proof
The S&P500 hits 2700; officially a bear market
March 11 2020: Goldman predicts bottom at 2,450 by mid-2020
The S&P500 hits 2380; blows out Goldman’s previous prediction of a bottom
March 17 2020: Goldman declares global recession is underway
The S&PP500 rebounds to 2750; one of the strongest bear market rebounds on record
It’s abundantly clear that Goldman is making their “predictions” after the market has made its move. They know nothing, or in my opinion, they are playing the taxpayers and fed as fools by overstating the dangers (fed, give us tons of money we need it NOW) and then overstating the recovery (look you fixed the economy by giving us tons of money, thx fed).