Ed Yardeni said the stock market could deliver average annual returns of 11% over the next decade, almost quadruple Goldman's 3% prediction.

Key Takeaways Analysts at Goldman Sachs on Monday forecast the S&P 500's average annual return over the last decade of 13% will shrink to just 3% in the next 10 years.The index's extreme concentration,

Goldman Sachs ( GS) strategists led by David Kostin estimate that the S&P 500 index will deliver an annualized return of 3% over the next decade — well below the 13% returns in the last 10 years and the long-term average of 11%.