Stocks Will Rally Despite Extended Dollar Declines, MLIV Pulse Survey Finds

US equities will put the worst of this year’s trade-war turmoil behind them and rally to fresh highs in 2025, according to a survey of Bloomberg subscribers who attended a panel discussion on macro trends.

The S&P 500 will climb to 6,500 — a better than 9% increase from Thursday’s close — by year-end, according to 44% of the 27 responses in a Markets Live Pulse survey. The index was seen reaching that level by the first half of next year by 26% of participants, with 11% saying it would happen in the second half and the remainder estimating 2027 or later.