Goldman Sachs are citing better macroeconomic developments, and say that their confidence in a soft landing, not a recession, for the US economy has strengthened.
And:
- risks of substantial near-term fall in the S&P500 have diminished
- 3 month target revised to 4000, from previous forecast at 3600
- after that upside is limited, year-end target is also 4000
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SPX update, daily chart, not far from 4000 is it?
