<\/p>\n
The chief investment officer at one of the world\u2019s biggest trading platforms says the firm is bullish on stocks in 2026.<\/p>\n
In a new interview on CNBC, Robinhood CIO Stephanie Guild says despite some potential headwinds, the company is predicting about an 8.7% move on the S&P 500.<\/p>\n
\u201cWe have definitely seen higher participation, and you\u2019ve seen net buying, really, especially in the summer. That being said, net buying has trailed off a bit from our customer base from that sort of peak in the October 29th period. But it\u2019s still there. For next year, we\u2019re looking at still another strong year\u2026\u00a0<\/em><\/p>\n We\u2019re not predicting double-digit returns for next year. Our base case is around a 7,500 on the S&P 500 this time next year. And that\u2019s around 8.5, call it 8.7% to be specific. It depends on a lot of things that are going to potentially happen in the economy. We do have some risks out there. If there\u2019s a potential government shutdown, especially on the way, what happens with rates, and the labor market will also be important. So we do have some potential probability ranges around that, but our base case is solidly strong.\u201d<\/em><\/p>\n Guild believes a likely \u201cbroadening out\u201d of markets is coming, rather than a continued concentration with large caps and indices.<\/p>\n She says that growth will also spill out beyond just tech and into other individual sectors.<\/p>\n \u201cThat broadening\u2026 When we came up with our base case, we looked at like what earnings expectations growth is for each of the individual sectors, and we saw that the tech sector is expected to grow at 27% \u2013 its average going back to 2011 is 12%. So we started saying there\u2019s a lot already built into the tech sector expectations and we think that there\u2019s probably more beef coming in other sectors, and that\u2019s why we think at the S&P 500 level, we still see a good year, but it may be more supported by other sectors besides just tech this year.\u201d<\/em><\/p>\n