James Thorne, the Chief Market Strategist at Wellington-Altus, has made a bold prediction for the S&P 500, foreseeing a substantial surge in the index’s value.
S&P 500 Seen Hitting 7,500 By 2026 Amid Blockchain Boom
Thorne, in a recent report, has set his sights on a remarkable milestone for the S&P 500, projecting it to reach 7,500 by the spring of 2026. This would represent a 16% increase from the index’s closing value on Tuesday, MarketWatch reported.
An ‘unreasonable rally’ is developing, states the strategist.
The economist’s optimism is underpinned by several factors, including the recent rally in the stock market, driven by technological advancements and fiscal reforms. He also praised the passage of the Genius Act, which governs stablecoins, and highlighted the Clarity Act—awaiting Senate approval—that would split crypto regulation between the Securities and Exchange Commission and the …