Goldman's Kostin Expects Economic Soft Landing

The video discusses potential economic scenarios, focusing on the likelihood of a soft landing versus a hard landing recession. It explains that a soft landing would see the US economy grow modestly, while a hard landing could lead to a significant drop in earnings. Market projections are provided, with potential outcomes for the S&P 500 under different scenarios.

What is the expected downside for the S&P 500 according to the text?

What scenario is considered optimistic regarding the market's performance?