Goldman says the bull market will end soon with stocks dropping another 15% from here

Goldman's top U.S. stock strategist cut his mid-year S&P 500 forecast to 2,450, meaning the bank sees the market falling another 15%.

David Kostin, Goldman's top U.S. equity strategist, wrote that the historic fall in interest rates is unlikely to prevent a "collapse" in second- and third-quarter profits.

Goldman's forecast for weaker 2020 earnings hinges on lower oil prices and interest rates that "diminish Energy and Financial company profits."Goldman Sachs's top U.S. stock strategist said Wednesday that the longest bull market in American history will meet its demise soon with equities seeing significant losses beyond what they've already suffered over the last three weeks.

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