On Thursday, Goldman Sachs said the S&P 500 can hit 3,600 if markets price in the bank's "comparatively more optimistic US GDP forecast."<br />The banks analysts say specific market conditions would yield the growth.<br />The economy contracts by only by 5% in 2020.<br />It would have to grow by 6.2% next year.<br />After that real yields will rise sharply to levels of "cyclical optimism" in June 2021.<br />Goldman said banks are underpricing a scenario that a vaccine will be developed by year-end and widely distributed by the first quarter of 2021.
