Goldman Likes Fundamentals, Refers to Market Sell-off As Technical
CNBC reported today that Goldman Sachs (GS) analysts noted that the recent sell-off in the equity markets are technical in nature and that the fundamentals are still in place. They went on to reiterate their year-end target for the S&P 500 at year end as 2,850. Their positive outlook is directly attributed to the U.S. GDP growth which they said is “robust”.
The Dow 30 currently is up over 500 points or 2+% today!
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