Back up the truck and buy stocks, the U.S. trade war with China is old news.

Or so hints Goldman Sachs (GS) . Goldman strategist David Kostin is out Thursday with a note calling for a 5% rise in the S&P 500 Index to $2,850 by year end. Kostin's S&P 500 target for 2019, a year where growth could fall off a cliff amid heightened trade tensions and rising interest rates, is a healthy 3,000. 

Kostin's note was riddled with the upbeat nature of a bullish investment bank. Some of the headlines in the report:

  • "Earnings-driven bull market will continue as S&P 500 rises by 5% to 2850 at year-end 2018"
  • "Fundamentals: Above-trend economic growth, profit cycle continues; Buybacks source of net share demand"
  • "Strategies: High sales growth, capital return, strong balance sheets, and low labor cost"

Kostin's call is mostly rooted in a bullish outlook for corporate profits, despite modeling for a three-year growth slowdown starting in 2019 (see below). He expects minimal price-to-earnings multiple expansion for the S&P 500 Index next year.

Why you still reading this? Goldman told you to buy, go pull the trigger...

Looking for actionable trades? Check out TheStreet's Real Money.

More from Stocks

Trump-Putin, Amazon Prime Day, Goldman and Netflix - 5 Things You Must Know

Trump-Putin, Amazon Prime Day, Goldman and Netflix - 5 Things You Must Know

5 Things Investors Should Read Before Coming Earnings Season Blowout

5 Things Investors Should Read Before Coming Earnings Season Blowout

In Trump Era, Managing JPMorgan Is As Unpredictable As a Midnight Tweet

In Trump Era, Managing JPMorgan Is As Unpredictable As a Midnight Tweet

Video: Don't Underestimate China's Strength in a Trade War

Video: Don't Underestimate China's Strength in a Trade War

Tesla: What Are Wall Street's Best Analysts Saying Now?

Tesla: What Are Wall Street's Best Analysts Saying Now?