🚀 Goldman Sachs predicts low S&P 500 returns

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

1. Disney plans to name a successor for CEO Bob Iger in early 2026, delaying the original target from 2025. Former Morgan Stanley CEO James Gorman will replace Nike Executive Chairman Mark Parker as Disney's chairman in January 2025 and will lead the succession planning. Four key Disney executives, including ESPN Chairman Jimmy Pitaro and Disney Experiences Chairman Josh D’Amaro, have been interviewed for the role. This move follows previous challenges in succession planning after the brief tenure of former CEO Bob Chapek.

2. Goldman Sachs strategists predict the S&P 500 will generate an annualized return of just 3% over the next decade, compared to 13% in the past ten years. They forecast a 72% chance of the index underperforming Treasury bonds and a 33% chance of lagging inflation by 2034. The shift is driven by investors looking for better returns in bonds. While this year's rally was concentrated in a few large tech stocks, returns are expected to broaden out in the future, potentially boosting the equal-weighted S&P 500.

3. Chick-fil-A will launch the Play app on November 18, featuring family-oriented content such as animated shows, podcasts, games, recipes, and e-books for children under 12 and their parents. This new venture aligns with the company’s strategy of enhancing customer engagement and encouraging more restaurant visits. With themes like creativity and generosity, the app builds on Chick-fil-A’s expansion into branded merchandise and entertainment, offering a "digital playground" to complement mealtime experiences, whether at home or in the car.

4. Headlines

   1. Microsoft is launching new autonomous AI agents next month to try and compete with startups and Salesforce who have been promoting the idea of AI agents replacing workers in specific tasks.

   2. Honeywell has signed a deal with Google, giving it access to Gemini’s AI.

   _{* This is sponsored content.}

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