
Multiplo Invest reiterates a buy rating on assets tracking the S&P 500, targeting a level of 7,778 by the end of 2026. The firm argues that current concerns such as war escalation, a new Federal Reserve chair, and oil prices above $100 are overstated given the economy's resilience and strong profit margins. Historical data shows that changes in Fed leadership or oil shocks have not significantly impacted S&P 500 performance. Additionally, growth in AI-driven productivity and infrastructure investments support strong earnings growth prospects for the index, outweighing short-term bearish factors.