Lark Davis|Jul 06, 2026 10:31
The S&P 500 had a massive start to the year, but Wall Street is completely split on what comes next:
📉 BofA (Bearish): Predicts a 5% drop to 7,100. They say speculation is getting crazy, heavy AI spending is draining company cash flow, and the Fed might hike rates three times to fight inflation.
⚠️ JPMorgan (Cautious): Raised their target to 7,800 but warned of a high risk of a sudden "flash crash" due to crowded, volatile AI stocks.
🚀 Yardeni (Bullish): Jacked their target up to 8,250. They argue this isn't a dot-com bubble because tech companies are bringing in actual, massive earnings, not just hype.
Are we due for a reality check or is the bull market just getting started?
Source: Fortune(Lark Davis)
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