标普500指数频创新高，华尔街分析师未对美股看涨情绪达成共识

Group 1 - The S&P 500 index reached both intraday and closing historical highs on July 25, with a 1.46% increase from July 21 to 25, marking five consecutive record closes [1] - Analyst Barry Bannister from Stifel predicts potential turmoil in the U.S. stock market in the second half of 2025, setting a year-end target for the S&P 500 at 5500 points, indicating a potential decline of about 14% from current levels due to high valuations and possible economic slowdown [1] - Julian Emanuel from Evercore ISI expresses caution regarding the recent stock market rally, linking it to historical patterns of heightened market activity and investor FOMO at the end of structural bull markets, with a year-end target for the S&P 500 at 5600 points [3] Group 2 - Andrew Tyler from JPMorgan highlights that despite mixed bullish sentiment, recent trade agreements, positive economic data, and a revival in merger activity are likely to continue supporting stock market gains [3] - Rob Arnott from Research Affiliates notes that the S&P 500's valuation metrics are near historical highs, comparing the investment in leading tech stocks to "picking up money in front of a steamroller" [3] - Arnott also points out that while the market prices AI companies as if they will face no competition, there is a cautious sentiment towards exiting popular and potentially overvalued stocks, as early exit can lead to losses [4]