""In fact, the firm just set a target of 7,600 for the S&P 500, believing that artificial intelligence will be a key catalyst. "The process of AI adoption remains early, but large companies report more progress so far than smaller firms," they said, adding that they expect S&P 500 earnings per share to rise 12% in 2026, to $305, as noted by CNBC." In addition, should the Federal Reserve continue to cut interest rates, as it continues to focus on employment rather than inflation, markets could easily explode even higher."
""Copper, which has already exploded higher on the year, could see higher highs with surging demand showing no signs of cooling. Analysts at Citi see the metal running on stronger demand for energy and artificial intelligence. The firm now sees copper hitting $13,000 per ton early next year, and $15,000 by the second quarter, adding that, "We expect the U.S. to hoard global copper inventory and, in a bull case, draw further on depleted ex-U.S. stock," as quoted by CNBC.""
Major U.S. equity indices advanced, with the S&P 500 up 31 points to 6,922, SPY gaining around $3.30, the Dow rising about 235 points, and the Nasdaq rallying 124 points. Economic releases this week include November nonfarm payrolls, October retail sales, and November CPI. Goldman Sachs set a 2026 S&P 500 target of 7,600, forecasting a 12% EPS increase to $305 driven by early AI adoption and potential Fed rate cuts. Citi expects rising copper demand from energy and AI to push copper to $13,000 per ton early next year and $15,000 by Q2.
Read at 24/7 Wall St.
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