S&P 500 Index Poised to Double by End of Decade, Bernstein Says
- Strategists set 8,000 forward price target for the S&P 500
- See rates not responding to inflation justifying valuations
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U.S. stock prices will double over the next decade, as pandemic-induced policy changes and an increasingly desperate hunt for real returns push investors to equities, Sanford C. Bernstein strategists said.
The S&P 500 index will reach 8,000, up from its 3,971 close on Monday, Inigo Fraser-Jenkins and Alla Harmsworth wrote in a note. Back in 2019, the two strategists had disagreed over the outlook, with Fraser-Jenkins giving a forward target price of 4,000 and Harmsworth 8,000 for the next decade.