Jack Bowman forecasts the S&P 500 reaching 10,000 optimistically by next year and more likely by mid-2028, driven by a strong earnings bull market with forward EPS growth near 20%. At the current market multiple of about 19 times earnings, the S&P 500 ETF (SPY) could rise from $770 to $913 within a year based on earnings alone. Earnings estimates are rising sharply across sectors, suggesting the market must increase to meet these expectations, with little reason for valuations to drop significantly soon. Bowman recommends holding SPY as a core investment and also mentions a speculative bet on January 2030 S&P 500 call options as a potential high-reward play if the index hits 10,000 by mid-2028.
The story about the S&P 500 hitting 10,000 is presented here with Pluang's market data for context. For readers following US stocks, here is Pluang's market snapshot as of Oct 05, 2026 19:01 WIB: out of 150 priced US stocks tradable on Pluang, 87 rose and 56 fell today. Notable movers include INTC (Intel Corp) at USD 114.95 with a 1-day change of -3.67% and a typical hold time of 116 days, SE (Sea Limited) at USD 98.09 up 3.05% with a typical hold time of 102 days, and CVE (Cenovus Energy Inc) at USD 31.46 down 2.90% with a typical hold time of 46 days.
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