The S&P 500

“8,000 is doable this year… Because 8,000 would be roughly 20 times 2027 earnings of 400. I think that's a low estimate. I think the PE multiple could be 22 or better”; and: “between now and year end, there should be something that might feel like a bear market too. Not in July, but maybe between August and October”

“We upped our target a little bit to 81.50 [8,150]. Healthy, not heroic” (12-month-forward target); “on the high end, some of our models are signaling more than 8300 [8,300]”

“The high risk is the valuations are high. It has not mattered because earnings have been off the charts and the Fed has not been antagonistic” - H2: earnings exceed “nowhere near” H1's beat

Fundstrat raised S&P year-end target to 8,000 ($400 2027 earnings x 20 multiple) BUT expects a severe correction first; markets frontload negative shocks

“I think near term, I think we can be 77, 7,800 first. And then a 10% to 15% pullback, but for understandable reasons”

“We got a lot of upside to analysts' expectations. We think we're going to get a lot of upside this quarter, and absolutely 30% is possible… tech and the AI names are going to drive about 60%, maybe 65% of that earnings growth”

Rapid-fire year-end S&P 500 price target: “Eight thousand”

Equities will outperform over the next 12 months; ~73-74% equity allocation vs 70% benchmark

Equities trend higher as long as earnings momentum holds

Favorable now, but an abrupt bear-market-like change later in 2026