The S & P 500 has set a record high 44 times since 2021.Wall Street strategists expect the bull market to continue next year.
Although it is still in the early stages, the target for next year is beginning to move closer to 5000 points, which means there is still further room for the market to rise.The S & P 500 has doubled since March last year.
Jonathan Golub, chief U.S. equity strategist at Credit Suisse, has a target of 5,000 points for the S & P 500 next year, Yardeni Research Inc. The index is expected to rise 13% between now and December.Goldman Sachs GroupStrategists expect the index to reach 4900 by the end of next year, or 10 per cent higher than it is now.