Talley Leger Targets 8,500 for S&P 500

Talley Leger covers markets after the Russell, SPX and Dow Jones hit record highs Monday. He says investors broadly anticipate earnings growth, and the latest CPI report is boosting the bull case. Bigger tax refunds could threaten to bring inflation back, but he thinks it will pass. He likes U.S. stocks but encourages investors to look at international equities and small-caps. His “bullish base case” for the SPX is 8,500. He also likes semiconductors, along with industrials and financials.

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