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S&P 500 companies will have zero earnings growth in 2023: Goldman Sachs

Yahoo Finance's Brian Sozzi discusses a new Goldman Sachs note detailing the outlook for S&P 500 earnings next year.

Video transcript

[AUDIO LOGO]

BRIAN SOZZI: All right, let's fire up our Stat Of The Day for this Monday. Next year will be the year of zero, says Goldman Sachs strategist in a new note. Goldman Sachs sees S&P 500 companies having zero earnings growth in 2023. They also see zero appreciation for the S&P 500 in large part because profits will be stagnant for S&P 500 companies.