Goldman: Current Combination Of Extreme Valuation And Concentration Has Preceded Major Market Drawdowns

Just when you thought that Goldman would stop its 2026 year-ahead outlooks at around 100... here comes # 101. 

This morning Goldman's new chief US equity strategist, Ben Snider, who replaced David Kostin late last year, published his 2026 outlook report saying that he expects another year of solid gains for US equities in 2026... although there is a but.