IBG, Inc.(US:IBKR) Zhi Tong Cai Jing·2025-12-18 07:11Group 1 - Steve Sosnick, Chief Strategist at Interactive Brokers, sets a year-end target of 6500 for the S&P 500, indicating a cautious outlook with a potential decline of about 3% from current levels [1] - Historical trends, particularly the impact of presidential term cycles, play a significant role in Sosnick's analysis, noting that bear markets have historically occurred in the second year of a president's term [1] - Concerns are raised regarding the challenges faced by new Federal Reserve chairs, citing historical examples of Alan Greenspan and Ben Bernanke who encountered market tests early in their tenures [1] Group 2 - Broadcom's recent market performance reflects Sosnick's concerns, as its stock price fell approximately 5% despite a strong earnings report, indicating that individual stocks may struggle under current market pressures [2] - Interactive Brokers is one of the few Wall Street firms with a bearish outlook for U.S. stocks in 2026, contrasting with other firms that maintain a more optimistic view based on AI investment trends and monetary policy shifts [2] - UBS forecasts the S&P 500 to reach 7300 by June 2026 and further to 7700 by December 2026, supported by economic resilience and ongoing AI investment [2] Group 3 - Citigroup sets a year-end target of 7700 for the S&P 500, citing broadening corporate earnings and deepening AI themes as core drivers, while also acknowledging potential volatility [3] - Morgan Stanley projects the S&P 500 to rise to 7800 in the next year, while HSBC sets a target of 7500, both driven by the AI investment boom [4] - Barclays anticipates a target of 7400 for the S&P 500 by the end of 2026, highlighting strong performance from large tech stocks despite macroeconomic growth challenges [4]