×

Wall Street's market predictions for 2016

David Kostin, chief U.S. equity strategist at Goldman Sachs Group.
Scott Eells | Bloomberg | Getty Images
David Kostin, chief U.S. equity strategist at Goldman Sachs Group.

Despite a lackluster year in 2015, Wall Street predicts 2016 could bring about the same results.

For the past 12 months, the S&P 500 is essentially flat, while other indexes like the small-cap Russell 2000 and the Dow transports are down 5 percent and 18 percent, respectively.

"We forecast the S&P 500 index will tread water for a second consecutive year in 2016," Goldman Sachs' chief U.S. equity strategist, David Kostin, wrote in a recent note to clients.

The investment bank has a 2016 price target of 2,100 on the S&P 500, about 1 percent higher from where the index currently trades.

Similarly, other firms like Credit Suisse have issued comparable statements, warning clients of muted returns ahead.

Contact Investing

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.