Goldman Sachs remains bullish on US stocks after all the volatility of the past few weeks.

The bank's strategists laid out the bank's forecasts for major global markets and US economic data on Friday in a weekly note to clients.

According to chief equity strategist David Kostin, the S&P 500 is predicted to rally 8% to close the year at 2,100. On Friday, the index closed about 3% above the most recent low of 1,868 reached on August 25.

Goldman also says September is off the table and the Federal Reserve will wait until December before it raises its benchmark interest rate for the first time in over nine years.