S&P 8,000 target driven by earnings, not valuation expansion. 24% earnings growth expected this year, half from AI infrastructure stocks. Narrow breadth is a yellow flag but broadening expected long-term. Lower oil prices would help rest of market participate. IPO supply manageable vs $1 trillion+ in buybacks. Rate volatility above 50bps in a month would hurt equities.
explicit
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Metals
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9.0
Investment Bank $2500.00B
Ben Snyder 9.0
Investment Bank $2500.00B
Ben Snyder 9.0
5/28/2026 8:01:54 PM
ndx
About half of the 24% earnings growth forecast comes from AI infrastructure stocks. The two largest semiconductor companies account for about a third of that growth.
| 4/23/2026 5:28:36 PM | medium term up | 20 days later | +8.34% | +8.34% |
| 4/23/2026 10:51:08 AM | medium term up | 20 days later | +8.34% | +8.34% |
| 2/25/2026 12:14:44 AM | short term cautious down | 5 days later | -1.26% | +0.63% |
| 11/19/2025 10:08:37 AM | short term cautious down | 5 days later | +4.01% | -2.00% |
| 11/5/2025 12:00:47 AM | medium term cautious down | 20 days later | +0.43% | -0.21% |
| 11/3/2025 11:09:24 PM | medium term up | 20 days later | -2.21% | -2.21% |
| 10/31/2025 6:04:35 PM | long term up | 60 days later | -2.95% | -2.95% |
| 10/28/2025 5:38:08 PM | long term up | 61 days later | -2.28% | -2.28% |
| 10/28/2025 3:56:00 PM | short term up | 5 days later | -0.56% | -0.56% |
| 10/24/2025 3:35:41 PM | medium term cautious up | 21 days later | -3.96% | -1.98% |
| 10/21/2025 3:09:27 PM | long term up | 61 days later | +2.34% | +2.34% |
| 10/15/2025 9:58:39 AM | short term cautious down | 5 days later | +1.91% | -0.95% |
| 10/4/2025 1:00:28 AM | medium term up | 21 days later | +3.37% | +3.37% |
| 9/12/2025 11:13:00 PM | medium term up | 21 days later | +2.82% | +2.82% |
| 9/11/2025 4:14:18 PM | short term up | 5 days later | +0.55% | +0.55% |
| 9/9/2025 5:53:04 PM | medium term up | 20 days later | +3.48% | +3.48% |
| 9/1/2025 4:18:49 PM | medium term up | 20 days later | +6.59% | +6.59% |
| 8/6/2025 7:05:41 PM | medium term cautious down | 20 days later | +0.75% | -0.38% |
| 8/5/2025 6:04:18 PM | medium term up | 20 days later | +0.90% | +0.90% |
wti
He states lower oil prices would allow the rest of the market to participate, implying an expectation or hope that oil prices will decline.
yields
If the 10-year yield starts to get close to that 5% level, yes, I think equities would struggle with it.
| 5/6/2026 9:19:41 AM | short term cautious up | 5 days later | +1.62% | +0.81% |
| 5/5/2026 1:43:30 AM | short term cautious up | 5 days later | +1.24% | +0.62% |
| 4/20/2026 7:09:00 AM | medium term up | 20 days later | +2.75% | +2.75% |
| 3/4/2026 2:04:00 PM | short term up | 5 days later | -0.24% | -0.24% |
| 2/12/2026 6:36:08 PM | medium term cautious down | 20 days later | +2.22% | -1.11% |
| 1/30/2026 6:19:23 AM | medium term cautious down | 21 days later | -5.75% | +2.88% |
| 12/9/2025 6:20:53 PM | medium term cautious down | 20 days later | -0.82% | +0.41% |
| 11/28/2025 6:04:11 PM | medium term down | 21 days later | +1.78% | -1.78% |
| 11/13/2025 8:45:53 PM | short term down | 5 days later | -0.36% | +0.36% |
| 11/7/2025 7:28:39 PM | medium term cautious down | 21 days later | -0.34% | +0.17% |
| 10/29/2025 5:37:32 PM | medium term cautious down | 20 days later | +0.98% | -0.49% |
| 10/28/2025 6:42:40 PM | medium term cautious down | 20 days later | +1.60% | -0.80% |
| 10/28/2025 1:59:32 PM | short term cautious down | 5 days later | +1.18% | -0.59% |
| 10/24/2025 6:55:30 PM | medium term cautious down | 21 days later | +3.40% | -1.70% |
| 10/15/2025 9:58:39 AM | medium term cautious down | 20 days later | +4.55% | -2.28% |
| 10/7/2025 1:51:58 PM | short term up | 5 days later | -1.89% | -1.89% |
| 9/29/2025 2:12:26 PM | short term cautious down | 6 days later | +0.34% | -0.17% |
| 9/16/2025 4:19:00 PM | medium term cautious down | 20 days later | +1.25% | -0.63% |
| 9/11/2025 1:30:06 AM | short term cautious down | 5 days later | +0.37% | -0.18% |
| 9/9/2025 10:35:22 PM | short term cautious down | 5 days later | +0.05% | -0.02% |
| 9/5/2025 6:25:27 PM | medium term cautious down | 21 days later | +2.35% | -1.17% |
| 9/3/2025 7:20:32 PM | short term cautious down | 5 days later | -2.44% | +1.22% |
| 9/2/2025 1:47:03 PM | short term sharp up | 5 days later | -3.92% | -5.88% |
| 8/12/2025 11:12:01 PM | short term cautious down | 5 days later | +2.43% | -1.22% |
| 8/6/2025 7:05:41 PM | medium term cautious down | 20 days later | -0.14% | +0.07% |
| 8/1/2025 6:12:49 PM | short term down | 7 days later | +1.74% | -1.74% |
