This week the S&P 500 touched 6587, only 13 points or 0.01% lower than the 6600 target that I had conjectured 12 months ago. Thus it’s time to cast another die: I’m raising my year-end goal for the US benchmark to 6850 and presaging a 10% increase to 7535 by the end of 2026, despite the presence of several red flags: froth in the financial markets, widespread geopolitical risks, possible secondary adverse effects of Trump’s tariffs, and conceivable retaliation from foreign buyers of American products…
A Macro Market View by Hubert Marleau
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