Mark Haefele

Money Moves

Reaffirmed 7,500 year-end S&P 500 target after ceasefire announcement on April 8

The S&P 500 sat near record highs at the end of February 2026. The index fell nearly 10% to a late-March trough after U.S. and Israeli forces launched air strikes against Iran on February 28. The strikes closed the Strait of Hormuz and sent Brent crude above $113 a barrel.

Updated May 30