The S&P 500 has already soared close to 15% this year. At least one strategist thinks it has nearly 10% more to go, thanks to artificial intelligence.
On Friday, Capital Economics senior markets economist Thomas Matthews raised his year-end target for the S&P 500 to 6000, 9.6% above where the index closed on Thursday, from 5500. By the end of 2025, he sees the S&P 500 reaching 7000