David Kostin, Goldman’s top U.S. equity strategist, warned that the post 2008 financial crisis S&P 500 Bull Market will end soon.

“After eleven years, 13% annualized earnings growth and sixteen percent (16%) annualized through-to-peak appreciation, we believe the S&P 500 bull market will end soon.” Goldman-Sachs

Furthermore, Kostin expects that the S&P 500 index goes down 15% by mid-year and recovers by year end. He believes what prompts the market decline is corporate earnings recession and a wave of negative earnings revisions that are likely over the next three to six months. He projected that the S&P 500 target will be at 2,450 by mid-year.

Sources:

1. https://www.cnbc.com/2020/03/11/goldman-sachs-the-bull-market-will-end-with-stocks-down-another-15percent.html