The stock market has been on a hot sequence lately, marking record after a record, and some bulls at Wall Street think that the party is not over.
This marks an astonishing reversal of the panic that seized the investors in April, when the “Liberation Day” tariffs of President Donald Trump shocked the world. The shares, the bonds of the Treasury and the dollar have crashed. The markets started at a recession and analysts reduced their forecasts.
But Trump suspended its most aggressive rate rates, the benefits of companies remained robust, consumers remained resilient and the actions rebounded. Even foreign investors jumped in the US markets. Meanwhile, its administration has negotiated several trade agreements, including one with the European Union on Sunday which removes the threat of a harmful trade war.
Now that the fog of the war is rising, the optimistic forecasts which are back from the liberation day prior to prevention, which means that the actions could give large figures again – as if the price shock of a few months ago was only a bad dream.
On Monday, the Oppenheimer’s in -chief investment strategist, John Stoltzfus, traveled his S&P 500 course goal for this year at 7,100 against 5,950, restoring the prospects he initially made in December 2024.
“This year reminds us of the classic quotation by Charles Dickens:” It was the best time, it was the worst time “”, he said in his last note. “Although a lot of uncertainty and concern prevailed for a while with commercial policy and geopolitical events, and taking into account the multitude of potential results, we will note that the cooler heads have prevailed – leading to positive results at least for the moment.”
He cited the progress of commercial negotiations, solid profits from companies and skillful management by the federal reserve of monetary policy, which has cooled inflation without causing a recession.
If the S&P 500 reaches 7,100 this year, it would be a gain of around 21% for 2025, marking a third consecutive year with a wave of more than 20%. This has not occurred since the late 1990s, when the American economy and the stock market exploded.
Also on Monday, Morgan Stanley Equity’s strategist Michael Wilson said that the S&P 500 could reach 7,200,200 by mid-2026, explaining that it is starting to look closer to this more optimistic scenario “Bull Case”.
He cited solid profits as well as the adoption of AI, the low dollar, Trump tax cuts, repressed demand and expectations for Fed rate reductions at the beginning of 2026.
Another member of the club 7,000 is Chris Harvey, the head of the actions strategy of Wells Fargo Securities, which remained by his S&P 5007 forecast of 7,007 even during the Trade War.
Last week, he reaffirmed it, predicting that large technological companies will continue to feed the stock market rally despite Trump’s trade policies.
“What we see is that the winners continue to win,” he told Bloomberg. “Ultra-Cape Companies have higher margins, earn more market share. There is a real secular tendency in the AI that will continue. ”
And in the longer term, this decade always seems to be another “roar of the 20s”, according to the veteran of the market Ed Yardeni, president of Yardeni Research.
On Monday, he defended his thesis, which he posed for the first time in August 2020, while productivity advances, a wave of capital expenses and the endurance of consumer spending will maintain shares.
“If the rest of the decade continues to play as a roar of the 2020s, we predict that the S&P 500 will start the next decade at 10,000,” Yardeni wrote in a note.
