The Ritholtz Wealth Management CEO made his comments in response to HSBC hiking its S&P 500 year-end target because of AI.
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The firms' year-end S&P 500 outlooks now range from 6,450 to 7,000.
The firm's strategist pointed out that several positive forces will lift the market to his 2026 target.
Despite recent pressure from tech stocks, the bull market should be poised to continue next year, according to UBS.
With valuations sky high for AI stocks, investors may want to start thinking of a backup plan, according to Trivariate Research…
The head of U.S. equity and quantitative strategy's target implies just a 4% rise from current levels.
The driver for this sharp outlook boils down to one word.
