“The S&P 500 could end the year at 5,700 or 'maybe even higher' — investors are putting too much weight on the recent hot CPI report: 'Inflation is normalizing, it's just not evident in the total picture.'”

The S&P 500 closed 2024 at 5,881.63, above the 5,700 he called for — consistent with his 'or maybe even higher' framing.