Excess Returns · Friday, October 30, 2026
Jay, founder and CEO of Infrastructure Capital Advisors, discussed his macroeconomic views and S&P 500 targets. He stated that despite unexpected headwinds like the war in Iran and elevated interest rates, projected earnings growth driven by AI could push the S&P 500 to 8,000 or even 9,300 next year.
“If you do that math, you get to 9,300. which is about 15% up from here.”
“So what we've done in effect by creating this war, First, we've blown up the Republican Party... But secondly, We've kind of stored to extend it does end... then we've stored up returns in the stock market So we could have an outsized year.”