Goldman says there are three big stock buyers that will keep the record rally going


The S&P 500 surged to a new all-time high on Monday, and Goldman Sachs says the bull market will keep on rolling into 2020 on the back of three big buyers: corporations, foreign investors and US households.

Companies will spend $470 billion on stocks next year, with foreign investors and US households contributing $50 billion and $30 billion respectively, the firm found.

While global growth fears and heightened valuations slowed the S&P’s march to a new all-time high, Goldman says the backdrop heading into 2020 remains favorable for stocks.

“Positive equity market returns, rising interest rates, and stabilizing US and World GDP growth should support already-elevated equity exposures,”…


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