I’m bullish on the S&P 500 reaching 8,000, but the reason isn’t valuation—it’s earnings.
Goldman’s thesis is straightforward: EPS growth, especially from AI infrastructure, can push the index higher without requiring a much higher P/E. Cooling inflation also gives the Fed room to stay patient.
But there’s one big catch: expectations are already very high. If AI spending keeps translating into real profits, 8,000 looks achievable. If oil spikes, the Fed turns hawkish, or AI earnings disappoint, the rally could lose momentum quickly.
So I wouldn’t chase the headline target.
Watch earnings, inflation and Fed policy. If those three stay friendly, the bull market still has fuel.
@Capital_Insights [得意]
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