Goldman Sachs Says Wealthiest to Back off Stocks

The video discusses the trend of reduced stock purchases by top investors, not due to unattractiveness but because they already own significant amounts. Allocation levels are nearing records, especially among the top 1%, limiting further purchases. Goldman Sachs observes this trend across various funds, noting allocations in the 95th percentile. Consequently, their prediction for the S&P 500's year-end growth is modest, at only 3.5% higher than current levels.

How does the current allocation compare to previous years according to the text?

What is Goldman Sachs' prediction for the S&P 500 at the end of the year?