Turtle Creek strategist David Spika said the S&P 500 could rise another 5% to 10% before year-end if crude keeps sliding and eases inflation pressure. According to BeInCrypto, he said lower oil could pull long-term borrowing costs down and lift expensive stocks, while warning earnings growth should slow next year.

Spika cited Microsoft and Berkshire Hathaway as preferred names. He also said the 10-year Treasury yield could fall toward 4.75%-4.78% if oil prices continue to decline.