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Goldman Sachs: S&P 500 May Plunge 19% Amid Oil Surge

3/16/2026

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Story summary
  • Goldman Sachs warns the S&P 500 could fall 19% if oil prices surge to $150.
  • The warning follows the Iran war entering its third week, with the S&P 500 down about 3% year-to-date.
  • Goldman recommends rotating into materials and healthcare stocks, which have lagged the broader market.
  • The firm highlights solar and cybersecurity stocks as growth opportunities, with solar benefiting from rising energy demand and cybersecurity resilient amid market stress.