The S&P 500 could jump 8% in the next year as stocks avoid a bear market and falling bond yields boost gains, Goldman Sachs says

• Goldman Sachs expects stocks to avoid a bear market in 2024 while the US economy skirts a recession.
• Falling bond yields will open the door to further upside for equities. 
• At the same time, Goldman cautioned that yields remaining higher is a risk for stocks next year. 

Goldman Sachs has a mostly upbeat outlook for markets and the economy in the coming year, telling investors that stocks are likely to avoid a bear market while the US economy also sidesteps a recession in the coming 12 months.