Why the S&P 500 looks increasingly vulnerable to a correction this year, according to Goldman Sachs

Adobe Firefly, Tyler Le/BI

• The stock market looks increasingly vulnerable to a sharp pullback, according to Goldman Sachs.
• In a note, the bank highlighted three things that could challenge the bull case for stocks in 2025.
• Strategists pointed to high valuations, market concentration, and the rapid increase in stock prices.

The stock market is facing a handful of risks in 2025 that are boosting the odds investors will see a sharp correction at some point this year, according to Goldman Sachs.