Oppenheimer’s Stoltzfus New Top S&P 500 Bull With 7,100 Target

Published On Dec 9, 2024, 1:39 AM

Oppenheimer Asset Management's Chief Investment Strategist, John Stoltzfus, predicts that the S&P 500 will reach 7,100 by the end of next year, marking a significant bullish outlook in the face of a resilient economy. The market has already gained about 28% this year and is expected to continue its upward trajectory due to strong economic growth, potential interest rate cuts, and advances in artificial intelligence enhancing productivity across all sectors. This outlook places Oppenheimer among the most optimistic strategists on Wall Street, contrasting with more conservative projections from other firms.