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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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Goldman Sachs raise their 2021 US GDP growth estimate:
  • With Democratic control over Congress and the White House, GS further increase their forecasts for a U.S. growth and now expect +6.4% this year (vs. a prior forecast of 5.9% and consensus forecast of only 3.9%).
  • Growth should be boosted by the passage of an estimated $750 billion fiscal stimulus package in February or March. The positive growth effects of this stimulus will be more lagged than usual, as new virus strains and slow progress on vaccination weigh on the economy—but consumer spending should rebound strongly in the second and third quarters to push growth higher in the back half of the year.
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