Top Analyst Sees the S&P 500 at 10,000. He Says He Can’t Find a Reason It Won’t Happen

Top Analyst Sees the S&P 500 at 10,000. He Says He Can’t Find a Reason It Won’t Happen Omor Ibne Ehsan Tue, August 18, 2026 at 9:50 AM EDT 4 min read ^GSPC NVDA VRTS SPY Quick Read Terranova targets S&P 500 at 10,000 within 18 months as SPY climbs 14% this year on record corporate profits. Strong earnings justify staying invested, but a 10-year yield break above 4.75% would compress multiples and derail any bull case. Consumer sentiment sits near recessionary levels at 49 while panelists flagged yield and AI risks but none cut equity exposure. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now . On CNBC's Investment Committee, Joe Terranova (who is the Senior Managing Director for Virtus Investment Partners ) said, "I think you get to 10,000 in the next 18 months. I see no reason why not." The S&P 500 closed last Friday with the SPDR S&P 500 ETF Trust ( NYSEARCA:SPY ) at 772.67, up 13.85% for the year, and Terranova's target sits alongside a 2026 target of 8400 from Ed Yardeni and a view from Evercore that 9000 is attainable within twelve months. Shutterstock The reasoning rests on two claims: first, that "Earnings are at really a historic pace for the last seven quarters". Second, that breadth has widened, with the panel noting every sector positive for the year and earnings growth running around 14% on average across sectors. Both claims are supported by the data. Whether they justify a specific round…