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Wall Street’s biggest bull held his nerve throughout this year’s selloff. What he’s saying now. - MarketWatch

1. Harvey maintains S&P 500 target at 7,007 despite market turbulence. 2. He anticipates double-digit gains supported by Fed interest-rate cuts. 3. Progress in U.S.-China trade talks could lead to market clarity. 4. Underlying fundamentals, particularly in AI, are expected to drive growth. 5. Current economic conditions are stable, though challenges remain ahead.

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FAQ

Why Bullish?

Harvey's unwavering S&P 500 target reflects confidence in fundamentals, similar to past recoveries, such as after 2008.

How important is it?

The article highlights a credible analyst's long-term bullish outlook, likely influencing investor sentiment towards the S&P 500.

Why Long Term?

Anticipated Fed rate cuts and AI sector growth suggest sustained market strength over the next 12-18 months.

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