Citi’s Scott Chronert said the S&P 500 needs both AI stocks and rate-sensitive sectors to rally to reach 8,100, with AI-linked companies making up just over half of the index. According to BeInCrypto, Citi raised its year-end target to 8,100 from 7,700 in June, citing AI-driven earnings strength, while Chronert said rate-sensitive sectors have fallen about 10% since Jackson Hole and may need the Fed to price out some expected rate hikes.
