Chief Equity Strategist, Wells Fargo
Appears in 1 story
Forecasting S&P 500 could hit 7,300 by July on ceasefire optimism; cautioning on H2 2026 inflation
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
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