Optimism on Wall Street rises again! Wells Fargo: S&P 500 is expected to aim for 7,007 points next year

Wells Fargo stock strategist Chris Harvey expects the S&P 500 to rise to 7007 points by the end of 2025, becoming the highest target among Wall Street strategists, with a potential increase of over 26% next year. He believes that the Trump administration will create a favorable macro environment, the Federal Reserve will gradually lower interest rates, and expanding corporate profit margins along with accelerating economic growth will drive the stock market upward. Harvey also mentioned that the market rebound will extend from technology stocks to other components of the S&P 500 index