The S&P 500 index rose 16% over the past year and closed at 6845.5 points in 2025. Wall Street's forecast range for 2026 is between 7100 points (Bank of America) and 8000 points (Deutsche Bank), implying a potential increase of between 3.72% and 16.87%. Analysts generally predict that the S&P 500 will achieve double-digit growth for the fourth consecutive year. However, Adam Thernquist of LPL Financial pointed out that, based on historical data, after experiencing gains of over 15%, the average return in the following years is about 8%, and there will be pullbacks during that period.