Oppenheimer chief investment strategist John Stoltzfus set a 2025 end-2025 S&P 500 index target of 7,100 in a note to clients Sunday night, the highest of any strategist tracked by Yahoo Finance. showed predictions.
During the call, Stoltzfus emphasized that recent price trends make him confident that the bull market will continue into 2025. He shared a chart showing Consumer Discretionary (XLY) as the top returner since the market bottom on August 5th, followed by Financials (XLF). Information Technology (XLK) and Communication Services (XLC).
Notably, Stoltzfus has posted another version of this chart showing returns since the election. The leaders are the same, just fewer in number. Overall, the move toward these sectors reflects a shift in markets from pricing in risks to U.S. economic growth to predicting the economy will continue to perform well in 2025, even as many defensive sectors underperform. It shows.
“In addition to continued rebalancing and rotation between sectors, market expansion from the October 27, 2023 market low, market capitalization (large-cap, mid-cap, small-cap), style (growth and value), Cyclical and Defensive Stocks Suggest “Current bull market continues in 2025” “We are likely to be strong enough to overcome the proverbial ‘anxiety wall’ until and through 2020,” Stoltzfus wrote.
In a way, this chart helps establish the case that a market expansion story is underway. But if you take a closer look at these sectors, especially considering Tesla is up more than 90% in the consumer goods sector since August 5th, this chart also shows that the tech stocks known as the “Magnificent Seven” This shows that he has not yet left the party.
