The S&P 500's record rally may be coming to an end, with analysts warning of numerous challenges including sputtering global growth, geopolitical risks, staggering national debt, and inflated stock valuations. Goldman Sachs analysts have forecast annualized nominal returns of 3 percent for the S&P 500 over the next decade. The combination of a growing economy and strong stock market typically bodes well for the incumbent party in an election year, but working-class voters aren't seeing the upside of the markets. Disney's plan to take its time in naming a successor to Bob Iger suggests that the succession process may not be going well. HSBC has announced its biggest restructuring in a decade, splitting itself into four divisions and reshuffling management. The W.N.B.A. is seeking a new contract to better cash in on the league's soaring growth.
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Original article source: https://www.nytimes.com/2024/10/22/business/dealbook/sp-500-rally-markets.html
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