Ted Thatcher's Bull Case for 8,000 SPX & MU Room to Run

"The markets are cheaper now than they were at the beginning of 2026," argues Ted Thatcher, making the case that the S&P 500 (SPX) will reach 8,000 by the end of the year. He points to the AI trade as a leading catalyst, sharing optimism that earnings have room to expand. However, Ted sees headwinds lasting in the form of the Fed. On Micron (MU), he believes the company is poised for a significant rally due to current P/E ratios and AI's "early innings."

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