Bank of America (BofA) believes corporate America will send the S&P 500 soaring to new all-time high levels.
Despite President Trump’s trade war, BofA strategists including Savita Subramanian and Jill Carey Hall predict that the S&P 500 will hit 6,300 by the end of the year and skyrocket to 6,600 in 12 months, reports Bloomberg.
BofA strategists say America’s economic engine remains resilient.
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“Despite tentative trade deals, the One Big Beautiful Bill Act and receding recession risks, policy uncertainty is near all-time highs and sovereign yields are at multi-decade highs. But corporate transparency has remained intact…
Volatility in currency, inflation and rates have failed to rattle S&P 500 margins since Covid – corporates either adapted or dropped out of the index.”
BofA’s bullish stance
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