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Schmolke Investment Team

First Trust: S&P 500 to 5,000

The economist we follow very closely, Brian Wesbury, has revised his forecast for the S&P 500's value at the end of 2021.  According to First Trust Portfolios' Capitalized Profits Model, the S&P 500 should be hitting 5,000 by the end of the year.  Like usual, this is a bullish take on the market, but the indicators are there.  Here is the link to the video in which Wesbury breaks down his reasoning for this forecast:

We are praying for the people of South Louisiana who were recently hit by Hurricane Ida.