Oakmark's Homer raises S&P 500 index target, expecting a 20% increase in the third year.

According to data from Oakmont Alzheimer's Asset Management Company, progress in trade negotiations will lead to the S&P 500 index rising for the third consecutive year by 20%, a feat that has not been seen since the late 1990s. Chief investment strategist John Stolzpfes has raised his year-end target from 5950 points to 7100 points. This means that the stock market will rise by 11% compared to last Friday's closing. He has also raised the expected earnings of S&P 500 index component stocks in 2025 to $275 per share, 3% higher than the average analyst expectation. Meanwhile, Morgan Stanley strategist Michael Wilson reiterated that the bullish reasons for the S&P 500 index are strengthening.