Tycoon earning money on lucrative investment project, sandglass measuring time


Return on equity for the broader market has been lackluster for the past three quarters and this year will likely see drop in median S&P 500 (SP500) (NYSEARCA:SPY) ROE, according to Goldman Sachs.

“An upwards inflection in S&P 500 ROE will be difficult to achieve in 2023, as headwinds from a higher cost of capital and higher taxes will place further strain on profitability,” equity strategist David Kostin wrote in a note.

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