Schwab Network | Why James Demmert Backs 8,100 SPX Target Despite AI, Crude & Fed Volatility

James Demmert says economies across the world are seeing interest rate hikes, not just the U.S. He believes the Fed remains firm on pulling inflation down to 2%, something he doesn’t expect incoming inflation data to change. Despite inflation challenges, James makes the case for a fourth-quarter rally, bolstered by AI growth, to close out 2026. James sets a year-end target of 8,100 for the S&P 500 (SPX).

Watch the full interview here.

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