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An economic reset is underway which will drive the S&P 500 to 7,500 next spring, one strategist says - MarketWatch

1. Market strategist predicts S&P 500 target of 7,500 by spring 2024. 2. Inflation remains manageable at an annualized 2.3% in recent months. 3. Recent budget surplus indicates reduced concern among Wall Street investors. 4. Investing in AI and blockchain is advised for potential market leaders. 5. Futures suggest further gains for S&P 500 and Nasdaq 100.

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FAQ

Why Bullish?

The prediction of 7,500 by spring indicates strong future growth potential, reminiscent of past bullish cycles, particularly post-2009 recovery and Q2 2020 COVID response rally.

How important is it?

The combination of regulatory advancements in blockchain and favorable economic indicators reinforces a broader market confidence that directly impacts major indices like the S&P 500.

Why Long Term?

The current predictions signify a long-term growth outlook similar to the sustained recoveries following previous economic disruptions.

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