A cooling bull market and $540 billion in AI capex: Here are Goldman Sachs' 5 biggest 2026 market predictions

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• Goldman Sachs unveiled its top predictions for markets in 2026.
• The bank expects the bull market in stocks to continue, but at a more modest pace than in recent years.
• A new chapter for the AI trade, robust capex, and an M&A boom are also on its radar.

After three straight years of stellar return, investors are searching for clues about what comes next.

According to Goldman Sachs, the answer is more gains, albeit at a more modest pace.