The outlook is mostly bullish, with an average expected S&P 500 increase of about 8%. However, risks include Trump's policies potentially sparking inflation and trade wars, which could harm the economy and consumer balance sheets. AI's impact on productivity and economic growth remains uncertain, and any failure to deliver could lead to tech sector volatility. Overall, strategists emphasize the importance of economic growth and consumer resilience in maintaining the stock market rally.
Key takeaways:
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- Wall Street strategists predict an 8% gain for the S&P 500 in 2025, driven by four key market themes.
- Potential trade wars due to Trump's tariff threats could lead to inflation and economic recession, impacting stock market performance.
- AI investments must deliver revenue growth to sustain tech's stock market leadership, with concerns about returns on invested capital.
- Continued economic resilience and consumer strength are crucial for maintaining the stock market's upward momentum in 2025.