The S&P 500 (SPX) will reach 8,100 by the end of the year, says Scott Wren, who remains bullish on the index despite caution on the state of the energy trade. He expects crude oil prices to come down on an eventual downturn in U.S.-Iran tensions. The fight against inflation is where Scott shows more uncertainty, making the case the Fed should hike interest rates in October even as markets price in a hold for next week's meeting. He sees the tech, financials, and industrial sectors holding strength into 2027.
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