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23.12 - 19:05
Goldman Sachs CEO David Solomon says he expects lower returns in stocks over next few years
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cnbc.comInvestors shouldn't expect the bull run in stocks and other assets to continue at current levels, according to Goldman Sachs CEO David Solomon.
Equities are on track to enjoy three straight years of double-digit returns, as measured by the S&P 500, thanks in part to the extraordinary support provided by the Federal Reserve and other central banks at the onset of the coronavirus pandemic. That boom has spilled over into other assets, including real estate, art and cryptocurrencies.
«We would expect that we're not going to see the same rate of returns in equities and many other assets over the next few years that we've seen over the last couple of years,» Solomon said Tuesday in response to a question from Joe Kernen on CNBC's "Squawk Box."
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