$48,000,000,000 Wealth Management Firm Sees S&P 500 Heading to Massive Price Target Triggered by AI Adoption, Disinflation and More

Description

A wealth management firm overseeing $48 billion in assets believes that the S&P 500 will end the year at a much higher level. In a new CNBC interview, the Indianapolis-based Sanctuary Wealth says conditions are conspiring to push risk assets such as the stock market to new record-high levels by the end of the year. Mary Ann Bartels, the firm’s chief investment strategist, says investors are not prepared for a huge upside burst for the S&P 500. “We need growth and AI (artificial intelligence), an...