Top Wall Street Strategist: The S&P 500 Could Hit As High As 8,800 This Year, But a 10-20% Drop May Come First
Fundstrat's Tom Lee laid out a roadmap for where he saw the market going for the rest of the year on a CNBC Squawk Box interview on July 6, 2026, arguing the S&P 500 can grind to 8,000 by year-end, with upside to 8,400 to 8,800, but that would likely come only after surviving a summer-into-fall drawdown.
S&P 500 Snapshot: Best Week in Two Months
The S&P 500 experienced its best week in two months, finishing up 1.7% from last Friday. Key Takeaways The S&P 500 experienced its best week in two months, finishing up 1.7%.
Why This Bank of America Strategist Sees S&P 500 Risks Ahead
Savita Subramanian, head of U.S. equity and quantitative strategy for BofA, doesn't see “any reason to continue to buy Magnificent Seven or megacap tech stocks that are the capex spenders.”
S&P 500 companies expected to clear high bar in Q2 earnings season
Deutsche Bank expects S&P 500 companies to deliver another strong earnings season, writing that a favorable macroeconomic backdrop and continued momentum in artificial intelligence-related sectors should help corporate profits exceed already elevated expectations. The bank wrote that Wall Street currently expects S&P 500 earnings to grow 26.2% year over year in the second quarter, marking the highest consensus growth forecast heading into an earnings season outside of post-recession recoveries.
These Were the Best and Worst S&P 500 Stocks for the Second Quarter
Sandisk and Micron maintained their aggressive momentum, contrasting with slumping consulting stocks and a lagging animal health firm.
The 20 best-performing stocks in the S&P 500 for the first half of 2026
All of these stocks have soared by triple digits during the first half of 2026.
S&P 500 Earnings: These Expected EPS Growth Rates For Forward Quarters Seem Unsustainable
The forward 4-quarter S&P 500 EPS estimate (FFQE) rose again this week to $353.22, from last week's $352.62 and the start of the quarter's $338.29. Q1 '26 S&P 500 EPS doubled from its expected +14.4% growth rate on April 3rd '26 to the June 26th week's EPS growth rate of +29.4%. Q2 '26's expected S&P 500 EPS growth is starting the quarter at +24%, much higher than Q1 '26.
S&P 500 Snapshot: Longest Losing Streak Since August
The S&P 500 fell every day this week, its longest losing streak since last August. Ultimately, the index closed the week down 2.0%, marking its first decline in three weeks.
GRNY: Highly Successful Theme-Rotation Strategy With Factor, Performance Nuances, A Hold
Fundstrat Granny Shots US Large Cap ETF is an actively managed fund with a history of outperforming IVV and a quality-heavy factor mix. GRNY currently trades at a higher valuation and exhibits weaker growth characteristics than IVV, making it less attractive for GARP investors. I rate GRNY a Hold, citing its promising long-term potential but limited near-term appeal due to valuation and growth profile concerns.
The S&P 500 is at a critical crossroads. A break lower could signal more losses ahead.
The S&P 500 on Thursday finished right on the cusp of a critical support line that, if broken, could portend more losses for stocks in the coming days and weeks.
These S&P 500 stocks are expected to make double-digit comebacks
A list of 20 highly rated stocks favored by analysts for gains over the next year includes only one that has risen this year: Nvidia.
Wall Street is coalescing on a single S&P 500 target. The power of round numbers is irresistible.
Wall Street, and Main Street, love their round numbers, as at least four strategists have the same 8,000 year-end target on the S&P 500.
