As we all know the mkt discounts future economic data about 6 mos. in advance.
The current consensus estimate for SPX earnings in 2026 is $325. At the current
price of 7545 we're looking at a P/E of 23.2. Next week the mkt will start discounting
earnings for 2027. The current consensus estimate for SPX earnings in 2027 is $375.
If we assume a P/E of 23.2 remains viable it would take the SPX to 8700.










