Watch the Interview
According to Lesko, not only will the S&P reach 2,500, it won’t have a problem getting above that mark. He says that, thanks to low interest rates and fairly tame inflation rates, there’s no reason why the market couldn’t exceed 2,500.
Lesko also notes that, with increased productivity, the financial markets could appreciate at a 10% annualized rate.
Meeks believes there are a few telltale signs for why the market will hit 2,500:
- A continuation of operating market expansion
- Solid corporate earnings
With these two things on our side, Meeks doesn’t see why the S&P couldn’t hit 2,500 by year-end.
Both Lesko and Meeks do note that geopolitical factors will play a role in the ultimate outcome of the market. However, once the budget is resolved at the end of this month, the market will be in a much stronger position for reaching that 2,500 mark.