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SPX to 8,100? Dow Jones to 100,000 by 2030? James Demmert Offers Index Bull Cases
Description
"Let's hope" peace between the U.S. and Iran can be finalized, says James Demmert, who recently predicated a sharp decline in crude oil prices helping markets rally on Wednesday. He remains very bullish on the stock market, making the case for the Dow Jones Industrial Average ($DJI) to hit 100,000 by the end of the decade and the S&P 500 (SPX) to hit 8,100 by the end of the year. He expects AI to increase productivity and profits and has high expectations for tech stocks. James leans more bearish on the consumer discretionary sector.
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