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Due to ongoing peace negotiations, concerns about artificial intelligence spending, financing, and monetization, as well as persistently high interest rates and strong consumer demand, the stock market remains volatile. However, the Barclays team led by Venu Krishna is focusing on improving profit outlooks, which is the reason for raising their target for the US stock market. The strategists have also increased their 2026 S&P 500 earnings per share target from $321 to $337. The 2026 S&P 500 target implies a 4.4% upside from the latest closing price. The team has also set a 2027 target of 8,800 points, with an earnings per share target of $389. (Bloomberg)

(1) With SpaceX going public on June 12, Elon Musk has become the first person in human history whose net worth exceeds 1 trillion dollars, thanks to his holdings in the company. (2) On the prediction platform Kalshi, traders are betting that Meta CEO Mark Zuckerberg has a 32% chance of becoming the second trillionaire in the world, making him the most popular candidate for now. (3) NVIDIA CEO Jensen Huang is in second place with a 21% probability and is also seen as likely to reach this wealth milestone.

The project will commence in March 2026 and is expected to be completed in the first quarter of 2028.