Goldman Sachs Raises Broad Market and Earnings Forecast Based on Megacap Strength

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By Ronald Tech

Boosting Market Forecast

The Goldman Sachs equity team has upped its price target for the broader market as well as for earnings in the current and following year. The adjustment, in significant part, is credited to the performance of the megacap stocks.

Earnings and Market Projections

The team has elevated its S&P 500 (SP500) (NYSEARCA:SPY) (IVVVOO

The Magnificent 7

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Analyst Expectations and Market Implications