The S&P 500 rose more than 6% in 12 trading days since late July, driven by relief over AI investment concerns, inflation and Federal Reserve interest rates. Strong earnings from tech giants and hyperscaler cloud services growth boosted the indexes. John Kolovos of Macro Risk Advisors expects the S&P 500 to reach 8,300 points, a 6-7% gain, by early next year. The S&P 500 forward P/E ratio has declined from 23 times last October to around 20 times currently. BCA Research warns that corporate profit margins at record levels could burst within the next year.
Source: Read the original article
