Oppenheimer launched the highest-ever 2025 year-end forecast for the S&P 500 among Wall Street’s biggest names. The company has set a 2025 target for the broader market index of 7,100 points, which implies a 16.7% upside potential from Friday’s closing price of 6,090.27 points and 6,200 points by the end of the year. .SPX YTD 2024-Present Alpine S&P 500 chief investment strategist John Stoltzfus cited economic and consumer resilience as well as current monetary policy and business and job growth in his optimistic forecast for 2025. The daily market lows and the continued rebalancing and rotation between sectors, market caps (large, mid, and small stocks), styles (growth and value), and cyclical and defensive suggest to us that the current bull market may have strong Strength Stoltzfus wrote in a note on Monday: “This is enough to send us climbing the proverbial ‘wall of worry’ during 2025.” Artificial intelligence is a “watershed moment” for technology and the economy, Stoltzfus added. ”, which is comparable to the way the automobile revolutionized people’s lives and the economy in the 1920s. He believes that all areas of the market will benefit from the productivity gains brought about by advances in artificial intelligence. Stoltzfus said: “We are not suggesting a paradise on earth, nor are we anticipating a ‘Goldilocks world’, but the true potential of artificial intelligence to challenge sectors and society today as the key to progress. The strategist added: “Better virtual shovels and virtual drills have the potential to mine a world of ever-increasing data volumes to find solutions faster, which may be one of their biggest contributions. one. To be sure, while Stoltzfus believes technology will “take center stage” in the year ahead, he advocates diversity in all market sectors. Oppenheimer’s favorite industry choices are information technology, communications Services, Consumer Discretionary, Industrials and Financials. —CNBC’s Michael Bloom contributed to this report.
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