Subject: Goldman boosts S&P target to 5,600
Goldman Sachs just boosted their S&P 500 year-end target to 5,600 based on an upbeat profit outlook and robust earnings growth by the top five megacap tech stocks. Those earnings have offset the “typical pattern of negative revisions to consensus EPS estimates.”
After the market set yet another record high last week, the S&P 500 is now up 14.6% year to date. This is following a 24% return last year.
How are all of you doing? Hope you've been making the hay while the sun has been shining.
Happy Father's Day to all Dads!
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