11 January 2024
Despite a rocky start for U.S. stocks in 2024 and a general bearish sentiment among Wall Street analysts, James Demmert, Chief Investment Officer at Main Street Research, offers a strikingly optimistic forecast. Demmert, overseeing a firm with $2 billion in assets, predicts a significant bull run for U.S. stocks in the next decade, fueled by the burgeoning artificial intelligence technology sector. He anticipates major U.S. equity indexes, including the S&P 500, Dow, and Nasdaq Composite, could double or even triple their value. “Similar to the 1990s, we are experiencing a transformational change in technology that is going to have far-reaching impact,” the chief investment officer says…