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    Goldman Sachs on S&P500: Flat is the new up" in a range-bound market

    In its latest outlook on the US S&P 500 published on Wednesday, Goldman Sachs predicted that the US benchmark index will remain more or less flat going forward.Key Points from the report: Flat is the new up" in a range-bound marketS&P 500 will likely draw down in the second half of 2016But end the year around 2100It will continue to be range-bound during the remainder of this yearExpect a pullback of 5%-10% for the indexDriven by rising policy uncertainty, unstable global growth, decelerating buybacksOn the plus side, above-trend US GDP growth, a cautious Fed, and an earnings recovery will send the S&P 500 to 2100 by year-end


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