The S&P 500 will rally another 11{02346bf83de6e36140f9a3419962accbe3517f5478f0c39703bb0046727acb31} by mid-2021 as a coronavirus vaccine is rolled out and corporate profits rebound, Goldman Sachs says

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Investors should hold both long-term secular growth plays and value stocks best positioned for vaccine distribution in 2021, the bank said.