Goldman Sachs says their "baseline view remains" that S&P500 will rise to 4500 by year-end

<p>Goldman Sachs have shrugged off the gains in the S&amp;P500 in H1 being based on the surge in a narrow group of stocks. </p><ul><li>"Our baseline view remains that the index will rise to 4500 by year-end as a result of modest earnings growth and a roughly flat multiple"</li></ul><p>This is not a new view from GS, they are restating it. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.