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GS raises S+P 500 price outlook- futures still in the red today

Since the last update here on the S+P 500, the index closed higher last night, obviously buoyed by the more than 4% gain in the Nasdaq 100. That is because so many of the Mag 7 stocks that led  Nasdaq 100 higher are also quoted on the S+P. So, the index opened much higher yesterday, at 5,807.20. It had closed on Friday at 5,659.91. The high seen was set at 5,845.37 and the index closed almost on that session high, at 5,844.19. Well, since then the US investment banking giant, Goldman Sachs has revised their price outlook for the index, to 6,500 from 6,200. Well, that is not exactly a bold call is it? Well, it perhaps more underlines their view that US stocks will head higher after the latest US/China trade news. So, if their call is correct that means new all time highs from here on for the S+P 500. Right now the futures are still lower today and of course we need to see that US CPI data later on too. The S+P 500 is currently priced to reopen around 5,821

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