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S&P 500 faces narrow breadth as Goldman hedge fund calls for year-end record

Reported · Written up by our desk · Indices

MarketWatch reports that the S&P 500 is dealing with rate-related uncertainty and narrow breadth.

The outlet also notes that stocks look not expensive versus historical context and that seasonal factors are supportive.

According to MarketWatch, Goldman Sachs hedge fund research forecasts a record high for the S&P 500 before year-end.

Latest closeS&P 500 7,773.95 ▲0.7%

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Sources

MarketWatchThe S&P 500 is facing rate chaos and narrow breadth. Why one Goldman Sachs insider is still bullish on stocks.
MarketWatchThe S&P 500 is facing rate chaos and narrow breadth. Why one Goldman Sachs insider is still bullish on stocks.

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