Goldman Sachs flags 3 possible scenarios for stocks with the bull market in its 4th year

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• The bull market in stocks is starting to broaden out.
• Goldman Sachs identified three possible scenarios for the market as laggards start to outperform.
• A valuation collapse, a surge in stock prices, and stronger earnings are on the bank's radar.

A three-pronged path lies ahead for the stock market this year, Goldman Sachs says.

In a note to clients at the end of last week, the bank said it had identified...