Dale Smothers maintains a bullish 8000 target for the market by year-end, driven by strong earnings, AI demand, and oil below $100. He expects volatility this summer and into midterms, and is trimming leadership names (Amazon, Apple, Oracle, Marvell) to rotate into broader equities, allowing clients to profit even if volatility doesn't materialize.
explicit
implicit
explicit
Metals
USD
DZ Bank
7.0
Commercial Bank
Dale Smothers 8.0
Commercial Bank
Dale Smothers 8.0
6/6/2026 4:30:34 PM
ndx
Bullish on AI demand and earnings growth driving market higher, but trimming leadership names (Amazon, Apple, Oracle, Marvell) suggests caution on tech-heavy indices in the near term.
rut
Rotating from leadership names into broader equity markets implies a bullish view on small and mid-cap stocks, which are more represented in the Russell 2000.
wti
Oil below $100 a barrel is a must for us. If that continues to tick higher and stays higher, that could pose a problem.
yields
If inflation continues to remain higher and the labor market stays strong, we see the 10-year note creeping higher. This could put a dent in that thesis.
| 4/24/2026 2:22:27 PM | medium term up | 21 days later | +6.62% | +6.62% |
| 3/31/2026 10:09:41 AM | medium term up | 20 days later | -0.63% | -0.63% |
| 3/31/2026 10:09:41 AM | medium term up | 20 days later | -0.63% | -0.63% |
| 12/8/2025 2:26:21 PM | short term up | 6 days later | -0.10% | -0.10% |
| 8/25/2025 2:04:17 PM | medium term down | 20 days later | -5.26% | +5.26% |
