The Wealth Consulting Group's Talley Léger sees the S&P 500 reaching 8,500 next year

Market Outlook - The S&P 500 is projected to reach 8,500, driven by rising earnings and decreasing interest rates, with a positive sentiment expected to boost the stock market [2] - There is a belief that the technology sector will enable broader market growth, including small-cap stocks, as innovation drives a catch-up phase [3] Economic Indicators - Stability in inflation is observed, with a slight cooling dynamic, which may influence the Federal Reserve's decisions [4] - The consumer sentiment index indicates that 5-year inflation expectations have returned to levels seen a year ago, reflecting a positive economic outlook [5] Sector Performance - Cyclical sectors such as industrials, financials, and energy have recently outperformed, suggesting a positive economic growth outlook for the upcoming year [5][6] - Financial conditions are easing, supporting a reacceleration in the broader economy, which is favorable for cyclical stocks [7] Labor Market and Consumption - There is a concern regarding potential headwinds from a softening labor market, which could impact consumption and overall economic growth [8] - Despite concerns, consumption levels have been at record highs, and as long as sales continue to accelerate while payrolls decelerate, margin expansion is expected [9]