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Many analysts suggested that the recent dip in U.S. stocks was not unexpected, considering the S&P 500 had pushed into overbought territory last week. Data from the Commodity Futures Trading Commission indicated a significant bullish sentiment among Wall Street strategists, with expectations that the equity markets could continue to soar in the days to come. Oppenheimer's Chief Investment Officer projected that the S&P could reach levels of 7100 by the end of next year, citing a robust economic backdrop.