Goldman Sachs’ closely watched chief U.S. equity strategist David Kostin isn’t ruling out more upside for the stock market into year end, but he does acknowledge gains will be tougher to generate.
“You’ve got two big headwinds facing the market in the next six months that I think is likely to restrain the appreciation. The first issue is higher rates [interest]. The idea of higher rates is typically associated with some lower valuations,” Kostin said on Yahoo Finance Live.
Kostin says the…
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