S&P 500 Hits Fresh Records After 6% Rebound as Fed Hike Fears Ease
Updated
Updated · CNBC · Aug 15
S&P 500 Hits Fresh Records After 6% Rebound as Fed Hike Fears Ease
3 articles · Updated · CNBC · Aug 15
Summary
More than 6% in 12 trading days has lifted the S&P 500 to fresh highs, extending a late-July rebound powered by renewed risk-taking.
Strong cloud-services growth, cheaper Big Tech valuations and softer inflation, payrolls and retail-sales data have eased fears of further Fed tightening and revived momentum in megacaps and semiconductors.
20 times forward earnings still leaves limited room for multiple expansion, the report argues, even after second-quarter profit beats, because some gains may reflect one-off AI markups, deferred costs and energy disruptions.
8,300 is John Kolovos' early-2027 target for the S&P 500, but strategists warn late-summer chop, tougher September seasonality and underpriced Fed hike risk could curb the rally.