David Lefkowitz, head of U.S. equities at UBS Global Wealth Management, said he expects S&P 500 profits to rise 10% this year and 7.5% next year . “Despite the strong gains in equity markets this year we believe this bull market has even further to go, driven by the combination of solid profit growth, Fed rate cuts, and AI adoption/investment,” he said in a research note.
“We are now in the midst of the strongest earnings announcement season in the past four years, and earnings momentum is accelerating despite a federal government shutdown over healthcare spending cuts,” said Louis Navellier, founder of investment firm Navellier & Associates. “Frankly, even though I expect the federal government shutdown to end soon, economic productivity actually rose during the shutdown.”
