HSBC: KEY MILESTONES FOR S&P 500 RALLY
S&P 500 +33% since April, already above HSBC’s 6,500 year-end target, nearing bull case of 7,000.Risks ahead:🔸 Govt shutdown: Congress faces Sept 30 deadline; past shutdowns have been brief but disruptive.🔸 Fed policy: Expected 25bp cuts on Oct 29 & Dec 10; historically, cuts outside recessions lift S&P ~8% in 6 months.🔸 Trade: Tariff extensions—Mexico (Oct 31), China (Nov 10). Positive if extended or broadened.🔸 AI investment: Q3 earnings should confirm rising hyperscaler capex; Mag7 set to deploy $414B of $1T cash into AI, with Apple likely to ramp up.The copyright of this article belongs to the original author/organization.
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