- JPMorgan forecasts that the S&P 500 will reach 7,000 by early 2026, driven by strong corporate spending and AI-driven growth. Both JPMorgan and Piper Sandler say the new corporate expensing laws in President Trump’s One Big Beautiful Bill Act, and AI investment, are key drivers. That’s how stocks are climbing a “wall of worry” despite war and chaos in Eastern Europe and the Middle East.
It’s bad out there. Russia is flying bombs over Poland, shutting down its airports. Israel conducted a missile strike on Hamas in Doha, even though Qatar is a Western ally. And the U.S. government revised down its employment numbers, revealing there are nearly 1 million fewer jobs in the economy than previously thought. And don’t forget the trade war.
