Goldman Sachs: It is expected that the global stock market will continue to rise next year, but the return will not be as good as this year

The Zhitong Finance App learned that Goldman Sachs said that due to increased corporate profits and the Federal Reserve's loose monetary policy, the global stock market is expected to continue to rise next year, but the return rate will be moderate compared to 2025. Goldman Sachs strategist Peter Oppenheimer and others said in the December 18 report, “We still have a constructive view of the 2026 stock market because profits will continue to grow, but it is expected that in the context of the continuous expansion of the bull market, the return at the index level will be lower than 2025.”

Goldman Sachs economists expect the economies of all regions to continue to expand, while the Federal Reserve will further moderate monetary policy. According to the report, the 12-month stock forecast weighted by regional market capitalization shows that the return on stock prices in US dollars will reach 13% in 2026, and will reach 15% after including dividends.