The 'bull market will soon end': Goldman Sachs warns shrinking profit growth will end the record 11-year stock rally

Brendan McDermid/Reuters S&P 500 earnings will contract by 5% in 2020, Goldman Sachs projected on Wednesday, snuffing out the bull market's most efficient driver. The bank cited lower oil prices from the new market conflict, diminished corporate guidance, and slashed interest rates for its downward revision. Goldman analysts estimated 0% profit growth just weeks ago, but said in its Wednesday note the virus' intensifying risks and the oil-price war create new downward pressures. Visit the Busine...