Via Goldman:
“After a swift 18% rally [last week], the most common investor question was ‘has a new bull market started ?’” Goldman analysts, led by David Kostin, wrote.
“Strategically, we continue to expect the S&P 500 SPX, +3.35% will rise to 3,000 by year’s end,” they added. “Tactically, however, we believe it is likely that the market will turn lower in the coming weeks, and caution investors against chasing this rally.”
