Mary Ann Bartels said the secular bull market will continue through the end of the 2020s, potentially driving the S&P 500 to new heights.
This projection suggests a sustained period of growth for U.S. equities, signaling to investors that current market momentum may persist despite broader economic volatility.
Speaking on Bloomberg Television’s program “Bloomberg Open Interest,” Bartels, the chief investment strategist at Sanctuary Wealth, outlined her outlook for the remainder of the decade. She said the S&P 500 could reach between 10,000 and 13,000 points [1] by the end of the decade.
Bartels said that strong corporate earnings serve as the foundation for this continued growth. She said these earnings should be celebrated as the primary driver for the ongoing bull market.
Beyond the U.S. stock market, Bartels addressed currency trends. She said the Japanese yen has further to fall, suggesting a continuing downward trajectory for the currency relative to other major global currencies.
Her analysis points to a decoupling of corporate performance from some of the macroeconomic headwinds that typically trigger market corrections. By focusing on the fundamentals of earnings, Bartels said that the structural strength of the companies within the S&P 500 provides a buffer against short-term volatility.
“the secular bull market will continue until the end of the decade”
A secular bull market refers to a long-term period of rising prices that transcends individual business cycles. If the S&P 500 reaches the upper end of Bartels' projection, it would represent a significant expansion of valuation multiples, or a massive increase in underlying corporate profits, over the next few years.
