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Federated Hermes has raised its 2028 S&P 500 earnings estimate to $450, which is above the current Wall Street consensus of $425.
Federated Hermes has set a price target for the S&P 500 of 8,000 by the end of 2026.
Federated Hermes has set a price target for the S&P 500 of 9,000 by the end of 2027.
Cameron Dawson believes a correction in the small number of stocks that have risen vertically, which now represent over 18% of the market-cap weighted index, could be damaging to the overall market.
Market pricing indicates a 62% probability of a Federal Reserve rate hike by the end of the year.
Jeff Currie believes the current commodity supercycle is in its early stages, despite commodities being the best-performing asset class of the current decade.
Jeff Currie predicts that the current commodity supercycle has another 10 to 12 years remaining.
Jeff Currie asserts that the current energy supply shock is twice the magnitude of what was experienced in the 1970s.
Major oil companies currently have a free cash flow yield of 15.5%, whereas hyperscaler technology companies have a free cash flow yield of 0%.
Jeff Currie predicts that Europe will face very serious problems with diesel and jet fuel supply by the end of the current month.
Jeff Currie predicts the United States will face gasoline supply problems by July.
Year-to-date, value stocks, small-cap stocks, and emerging market stocks have all delivered double-digit performance, outperforming the Mag Seven, which is up 8%.