“The S&P 500 could hit 15,000 by 2030 — roughly 20% annual gains from here, with earnings growth contributing 12% to 15% and the rest coming from a rising P/E multiple.”

The S&P 500 was near 7,230 in September 2026, up from ~5,470 when the call was made; reaching 15,000 by end-2030 still requires roughly 20% annualized gains.