After lowering his year-end S&P 500 price target after the Liberation Day<\/a> tariff announcements, Stoltzfus has reinstated his 7,100 target from December 2024, setting the stock market up for its third consecutive year of 20% gains.<\/p>\n In the wake of President Donald Trump’s EU and Japan trade deal<\/a>, Stoltzfus believes the coast is clear for the S&P 500 to continue reaching all-time highs<\/a>.<\/p>\n “We believe that enough ‘tariff hurdles<\/a>‘ have been overcome for now to reinstate our original price target for the S&P 500 of 7100 by year-end,” Stoltzfus wrote in a note on Monday morning.<\/p>\n US exceptionalism<\/a> in the stock market remains intact, Stoltzfus said. The EU trade deal<\/a> Trump announced on Sunday sets tariffs of 15% on most European imports, half of the 30% Trump initially threatened. <\/p>\n The EU has also agreed to purchase a “vast amount” of US military equipment and invest an additional $600 billion in the US.<\/p>\n Related stories<\/p>\n Business Insider tells the innovative stories you want to know<\/p>\n Business Insider tells the innovative stories you want to know<\/p>\n It’s not just trade deals, though. US companies have held up financially through the volatility, and they’re on track for a better-than-expected second quarter earnings season, Stoltzfus said. Out of the companies that have already reported second quarter earnings, 84% have beaten analyst estimates. Wall Street will be watching this week closely, as 164 companies \u2014 including the S&P 500’s biggest names such as Apple, Amazon, Microsoft, and Meta \u2014are set to report results.<\/p>\n Helping the S&P 500’s continued climb is the slow place of inflation. Price increases have remained relatively steady and inflation has drawn closer to the Fed<\/a>‘s 2% target despite tariff volatility.<\/p>\n “Monetary policy by the Fed has brought down the pace of inflation (if not yet to its 2% target level) without thus far causing a recession. This in our view is a substantial achievement considering inflation has gone from 9% in June of 2022 when the Fed recognized that inflation was out of hand to around 2.7% in June<\/a> of this year,” Stoltzfus wrote.<\/p>\n Stoltzfus’ 7,100 year-end price target implies a forward multiple of 25.8x and an earnings projection of $275.<\/p>\n Investors should continue to bet on information technology, consumer discretionary, communications services, industrials, and financials, according to Stoltzfus.<\/p>\n","protected":false},"excerpt":{"rendered":"Call it a comeback. After markets went haywire in April, Trump’s trade deals might have just saved the…\n","protected":false},"author":2,"featured_media":43063,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[34525,34527,28,18758,1554,2402,8437,3747,112,15283,18690,34524,6594,5338,3479,6289,34526],"class_list":{"0":"post-43062","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-gain","9":"tag-stock-market-rally","10":"tag-business","11":"tag-eu","12":"tag-fed","13":"tag-inflation","14":"tag-june","15":"tag-market","16":"tag-markets","17":"tag-oppenheimer","18":"tag-price-target","19":"tag-stoltzfus","20":"tag-target","21":"tag-trade-deal","22":"tag-trump","23":"tag-us-company","24":"tag-year-end-sp"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/43062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=43062"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/43062\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/43063"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=43062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=43062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=43062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"\/](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/07\/placeholder.png\")
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