The Ride to 7,000

When we set our year-end 2025 target at 7,000 last December, it felt ambitious to some. But we saw a setup that pointed to continued strength.

A growing economy, steady earnings, and a policy environment shifting in a more business-friendly direction.

The ride to 7,000 has been far from smooth. The tariff headlines in the spring sparked a sharp sell-off and rattled confidence for a few weeks. But that pullback was short-lived.

The market shook it off and got right back on trend. Since then, we’ve seen consistent progress as corporate results and solid consumer spending have kept this bull market intact.

As we head into the final stretch of the year, the story has been all about resilience. We are sticking with our 7,000 target into year-end.

The setup looks strong: resilient growth, improving confidence, and a market that’s learned how to climb walls of worry.

The ride to 7,000 hasn’t been smooth, but its been steady, and that’s exactly what defines a lasting bull market.