by Chad Shoop
The Sovereign Investor
Last week, investment banking behemoth Goldman Sachs came out with what I consider two pretty bold claims.
First, the S&P 500 will be flat for the rest of the year. Considering it is already trading near Goldman’s 2016 target price — fair enough.
Second, and most far-fetched, is that the Federal Reserve will move forward with three interest-rate increases by the end of the year.
But what is most disconcerting about these claims is that Goldman recommends the same solution for both scenarios — own dividend stocks.