S&P 500 At 7,000? This Team Called It Five Years Ago—Their Latest Outlook Might Surprise You
Benzinga·2025-11-04 18:38
Back in September 2020, when the world was under lockdowns, inflation wasn't even considered "transitory" yet, and most of Wall Street was stocking up on hand sanitizers to make bold predictions — BCA Research did precisely that.The firm called for the market to shrug off all the near-term and long-term concerns and more than double within the decade. They set a target for SPX to reach 7,000 by 2028. The logic was simple. A "structurally constructive" U.S. equity view, betting on peak-cycle earnings of $310 ...