Goldman Sachs increased their S&P 500 Target

Now that we have hopes for a vaccine to fight against COVID-19 from Pfizer, a Goldman Sachs analyst is saying that this is an even more important development than the US presidential election and the new policies that may come from that. Goldman boosted their year-end price target on the S & P 500 Index to 3,700 from 3,600. They are also targeting 4,300 by the end of 2021 and 4,600 by the end of 2022. One reason why this is so significant is that they are seeing positive markets and a positive economy over the next two years. I think we would all agree that as little as 6 months ago, a lot of people were expecting a prolonged recession that could last years.