A.I.’s $1.6 Trillion Future, S&P aims for 10,000, and Bank of Canada’s Next Move | Market Moves

This week, we explore ambitious predictions for the S&P 500, the massive growth potential of artificial intelligence, and what’s next for the Bank of Canada.
 
📈 Veteran Wall Street strategist Ed Yardeni forecasts the S&P 500 could reach 10,000 by 2030, citing pro-business policies, tech innovation, and an improving rate environment. Even bearish voices are turning more optimistic, with Morgan Stanley’s Mike Wilson projecting 6,500 by the end of 2025.
 
🤖 Artificial intelligence is transforming industries worldwide. Bloomberg estimates global revenue tied to generative AI could hit a staggering $1.6 trillion by 2032, up from $36 billion in 2022. AI is reshaping business spending on hardware, software, and services—and it’s just getting started.
 
In Canada, traders are closely watching the Bank of Canada’s next move. While inflation concerns might temper expectations for aggressive rate cuts, the impact of mortgage renewals on Canadian households is raising questions about future monetary policy.
 
Timestamps:
00:00 Intro
00:13 S&P 500’s Road to 10,0000
1:04 The Future of AI Spending
01:49 Bank of Canada’s Challenges
02:41 Outro
 
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#S&P500 #ArtificialIntelligence #BankOfCanada

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