The David Lin Report Bottom Already In? Hedge Fund Manager's Bold S&P 500 Target For 2025 | Thomas Hayes
May 6, 2025
Thomas Hayes, Founder and Chairman of Great Hill Capital, dives into market resilience amidst tariff concerns. He boldly predicts significant growth for the S&P 500 by 2025. Hayes identifies exciting investment opportunities in international equities and highlights natural gas as a promising AI-driven sector. He discusses the impact of economic resilience on consumer spending and emphasizes the potential shift towards emerging markets, particularly in the context of evolving U.S.-China relations.
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Market Resilience Despite Fear
- Despite widespread fear, consumers are spending heavily and markets tend to resolve upward after volatility.
- The S&P 500 could rise 7-12% by end of 2025 as bearish sentiment dissipates amid tariff uncertainty easing.
Strong Earnings Amid Tariffs
- Earnings growth exceeded expectations at 12.8%, signaling economic strength despite tariff fears.
- Guidance is improving, with earnings estimates for 2025 recovering from recent lows, supporting market optimism.
Economic Resilience and Tariff Outlook
- The economy proved more resilient than expected with a mixed GDP print reflecting underlying strength.
- Administration flexibility on tariffs and deals supports sustained economic growth and tariff revenues around $300-400 billion.