Goldman's Target on Every Key Market for 2011

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 |  Includes: DIA, QQQ, SPY
by: Wall St. Cheat Sheet

Goldman Sachs (NYSE:GS) has turned very bullish, calling for 2.7% U.S. GDP growth in 2011 and a global rally.

Chief economist Jan Hatzius released a note yesterday targeting big gains for global equities and commodities.

Hatzius even sees improvement in Europe, with the euro rising against the dollar. Bullish market conditions will drive up bond yields in Japan, Europe and the U.S.

1. EQUITIES: MXAPJ (Asian Markets ex-Japan)

EQUITIES: MXAPJ (Asian Markets ex-Japan)

2010

Current: 449End of 2011: 580

Change: +29%

(Asian markets ex Japan) Chart from Bloomberg.

2. Stoxx Europe 600

Stoxx Europe 600

2010

Current: 262End of 2011: 330

Change: 26%

(Europe index) Chart from Bloomberg.

3. S&P 500

S&P 500

2010

Current: 1,188End of 2011: 1,450

Change: 22%

Chart from Bloomberg.

4. TOPIX (Japan)

TOPIX (Japan)

2010

Current: 875End of 2011: 1,000

Change: 14%

(Japan index) Chart from Bloo, tpxmberg.

5. BONDS: Germany 10-Year

BONDS: Germany 10-Year

2010

Current: 2.76End of 2011: 3.25

Change: 18%

Chart from Trading Economics.

6. Japan 10-Year

Japan 10-Year

2010

Current: 1.14End of 2011: 1.50

Change: 32%

Chart from Trading Economics.

7. UK 10-Year

UK 10-Year

2010

Current: 3.36End of 2011: 3.75

Change: 12%

Chart from Trading Economics.

8. US 10-Year

US 10-Year

2010

Current: 3.36End of 2011: 3.75

Change: 12%

Chart from Trading Economics.

9. FX: The euro

FX: The euro

2009-2010

Current: 1.31End of 2011: 1.50

Change: 15%

Chart from Finviz.

10. $/JPY

$/JPY

2009-2010

Current: 84.38End of 2011: 90.00

Change: +6.7%

Chart from Finviz.

11. The pound

The pound

2009-2010

Current: 1.55End of 2011: 1.79

Change: +15%

Chart from Finviz.

12. US Dollar vs. Canadian Dollar

US Dollar vs. Canadian Dollar

2009-2010

Current: 1.02End of 2011: 1.00

Change: -2.0%

Chart from Finviz.

13. Ausside Dollar vs. US Dollar

Ausside Dollar vs. US Dollar

2009-2010

Current: 0.96End-2011: 1.02

Change: +6.3%

Chart from Finviz.

14. COMMODITIES: Copper

COMMODITIES: Copper

2009-2010

Current: 8,220End of 2011: 11,000

Change: +34%

Chart from Finviz.

15. Gold

Gold

2009-2010

Current: 1,366End of 2011: 1,690

Change: +24%

Chart from Finviz.

16. Oil

Oil

2009-2010

Current: 85.7End of 2011: 105

Change: 23%

Chart from Finviz.

17. Soybeans

Soybeans

2009-2010

Current: 12.4End of 2011: 14.0

Change: +13%

Chart from Finviz.