The buyside chief investment strategist believes advancements from technology can drive the market higher in 2025.
Sanctuary Wealth chief investment strategist Mary Ann Bartels sees the S & P 500 climbing more than 20% in 2025 —- with optimism surrounding technological advancements underlying her bullish case. The broad market index will rally to between 7,200 and 7,400 next year, Bartels estimates. The high end of her forecast is roughly 22% above where the S & P 500 closed Monday.
Although price-to-earnings ratios remain elevated across the broader market, Bartels believes the equities are in a secular bull market — during which P/E multiples can expand, she said. The investor, who spent 21 years at Bank of America before joining Sanctuary Wealth, believes that the current market bullishness is similar to two other periods: the internet-led rally from 1995 to 2000, and the automobile revolution and ensuing bull market of the 1920s.
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