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Wall Street s Biggest Banks Say Stocks Face a Period of Dismal Returns

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. As stock indexes sit near record highs, Wall Street s biggest banks say future returns look dim. Goldman Sachs, Morgan Stanley, and BofA strategists aren t bullish on the S&P 500 in the near term. They share nine areas of the markets where investors can find the best opportunities. Stocks continue to reach new highs as the economy begins to reopen with more than 40% of the US population vaccinated against COVID-19. But investors shouldn t expect to continue seeing the returns they have over the past year, some of the biggest investment banks on Wall Street say.

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