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

• The Fed is expected to raise rates by 25 basis points tomorrow, driven by inflation, high oil prices, and a tight labor market, reflecting a strong global economy.
• Oil prices above $100 are considered a short-term problem, with a potential resolution expected to fuel a Q4 equity rally.
• The fourth-quarter rally is projected to be led by AI-related stocks, including chipmakers and hyperscalers, alongside biotech/healthcare, industrials, and financials.

James Demmert maintains a bullish outlook, predicting an S&P 8100 target by year-end, driven by a strong global economy and AI growth. He anticipates a 25 basis point Fed rate hike tomorrow, viewing current inflation and oil price concerns as temporary, paving the way for a fourth-quarter rally.