Goldman Sachs Definition: Flat Is Up.

Goldman Sachs has also lowered its profit forecast and target price of the S & P 500 index as it expects growth in China and the us to slow down next year and oil prices continue to fall.

Goldman Sachs estimates that the S & P 500 index will close at 2000 this year, down from 2100 previously estimated.

Although the first step in raising interest rates in 9 years has meant that the Fed has confidence in the fundamentals of the US economy, some experts worry that even if the cost of borrowing for consumers and businesses can only rise slightly, it will dampen growth and reduce the slug flow that will stimulate the bull market in 5 years.

Bona, the speaker of the US House of Representatives, unexpectedly announced that he would resign as chairman and member of Parliament, raising the risk that the US government will hit the debt ceiling in November and making investors more worried.

But not everyone is worried about the economic outlook of the United States.

RBC Kelly portfolio analyst Kelly Bogdanov said, "at present, all indicators in the United States are quite robust". She expects corporate profits to rise next year.

"We will not see any obvious recession crisis now.

With solid employment, the development of the service sector continues to be robust, and personal income growth and consumer spending data also look good.

She also deals with the risk of China's economic slowdown, because even if the economy slows down, Chinese consumers will continue to spend.

Scott Wren, senior global equity strategist at Wells Fargo, said: "the fear of global growth and China's growth slowdown is a bit overdone." he expects that China's second largest economy in the world will grow 6.8% this year. "I suggest that our customers take advantage of this downward trend."

"Flat is the rise."

This thought-provoking assessment is what Goldman Sachs estimates next year for the US economy and investors.

Goldman Sachs last week revised US economic growth from 2.8% to 2.4% in 2016.

After this drastically revised down, next year's economic growth will barely exceed the growth of 2015, and only follow the growth pace of last year's indifference. It highlights that the economic recovery is only in place, rather than at the end of last year, as many economists expected.

Goldman Sachs also lowered its growth forecast next year, which has been revised to 3.7% from its previous estimate of 4.3%, highlighting fears among many investors that the once soaring Chinese economy is hard to sustain.

Goldman Sachs economist pointed out that "China's economic growth is slower than we previously estimated."

Goldman Sachs estimates that China's growth rate will be only 6.4% next year.

It seems to echo that China's industrial profits above Designated Size in August dropped by 8.8% compared to the same period last year, the largest decline in nearly 4 years.

In addition, the Caixin media announced the initial value of PMI in September, which fell to 47, the lowest since March 2009.

Goldman Sachs said, "in the past few months,

There has been a marked slowdown, and some observers believe that the real economic growth rate is slower than GDP implies.

This language points out the general idea of Wall Street.

Oren Klachkin, a scholar at the Oxford Economic Research Institute, said that the slowdown in China's economic activity was "worrisome" and pointed out that the central bank's guidance on devaluation of the renminbi in August has increased the pressure of capital outflow.

According to Barclay, global stock markets are approaching the worst quarterly performance since 2011.

Goldman Sachs is also expected to slow down due to the expected slowdown in China and the US economy next year and the continued decline in oil prices.

Index profit forecast and target price.

Goldman Sachs estimates that the S & P 500 index will close at 2000 this year, down from 2100 previously estimated.

It is not just China that worries us.

With the weakening of global demand for commodities including oil and copper, Brazil, India, Russia and other major emerging markets have declined.

These economies have attracted much attention in recent years, and now account for 60% of the world's GDP. Investors are worried that these economies contain China.

Slowing down will lead to a comprehensive crisis next year.

Unlike the previous development economies, such as the Asian storm in the late 1990s, today's low interest environment has left the global central bank almost without reducing borrowing costs to support growth.