In a mid-year outlook, an analyst updated the S&P 500 forecast, highlighting the market’s remarkable turnaround from a near-bear market to record highs. The S&P 500 has surged 25% and the Nasdaq over 30%, driven by President Trump’s pause on reciprocal tariffs and expectations of more manageable trade levels. Analysts are debating whether the rally can continue, considering factors like weaker GDP and inflation risks. Despite concerns about the S&P 500’s valuation, the analyst remains bullish, projecting a potential 10-12% gain for 2025, with a total return of 12-15%.

Read more at Yahoo Finance: Analyst updates S&P 500 forecast in mid-year outlook