Perspectives The Corner June 2025

Perspectives – June 16, 2025

The S&P 500 is on track for a summer rally, targeting 7200 in 12 months and 12000–13000 by 2029–2030, driven by robust economic growth, consumer resilience, and transformative technologies. Despite short-term choppiness from overbought conditions and tariff noise, we remain in a secular bull market. Meaning, history suggests there’s still room to run. AI, blockchain, and robotics are fueling productivity gains, mirroring the impact of cell phones and the internet when those once-emerging technologies took the world (and markets) by storm. Strong corporate earnings, rising profit margins, and $7.0 trillion in money market funds signal
further upside. In this high-growth environment, investors should view pullbacks as buying opportunities, in our view.