Citi's Chronert Says S&P 500 Could Reach 7,000

Market Outlook - The firm had a 6300 target for the S&P, considering it a fair value, but positive sentiment could lead to further gains [1] - The firm's bull case target for the S&P has been 7000 for several months [2] - Achieving the 7000 target requires more confidence in the economic cycle's durability, which hinges on the Federal Reserve easing monetary policy [2] Key Factors - Earnings growth needs to inspire more confidence, addressing concerns from the first half of the year [3] - The continuation of the AI spending and infrastructure playbook theme is critical for the market's short-term and long-term performance [3]