US bull market coming to an end soon, says Goldman Sachs

New York

US STOCKS are nearing the end of a long bull market, according to investment strategists at Goldman Sachs Group who cater to the bank's wealthy individual clients.

"We expect a few more innings and are cautiously optimistic," according to the 2016 outlook report by the bank's private wealth management unit. "We expect modest single-digit returns for a moderate-risk, well-diversified portfolio given current equity valuations and the level of interest rates."