Capital Economics: The stock market bubble will continue to expand, and the S&P 500 index is expected to hit 6,500 points by the end of next year

John Higgins, chief market economist at Capital Economics, predicts that the current stock market bubble will continue to inflate until the end of 2025, when the S&P 500 index may reach 6,500 points. Higgins believes that the stock market bubble will continue to inflate until the end of 2025, driven by the narrative around artificial intelligence. "We stand by our view that the stock market bubble will inflate by the end of next year," he said. We forecast the index to reach 6,500 points by the end of 2025, assuming its valuation reaches a level similar to the peak during the dot-com frenzy. ”