Three Wall Street giants remain bullish on US stocks: Geopolitical shocks will not change the bull market.

Strategists at major Wall Street banks say their bullish case for U.S. stocks remains valid despite the risks posed by the Iran war. Rising oil prices, cost-of-living concerns, and uncertainty surrounding the Federal Reserve's interest rate outlook pushed the S&P 500 (SPX) out of its worst two-week run since the tariff turmoil last April. Nevertheless, strategists at Goldman Sachs, Morgan Stanley, and JPMorgan Chase point to earnings growth and valuations as support, although valuations remain high, they are not as extreme as before. Wilson's baseline year-end target for the S&P 500 is 7800 points, implying an upside of approximately 18% from Friday's close. Goldman Sachs' Snyder expects the benchmark index to rebound to 7600 points. As the war enters its third week, a sharp rise in oil prices has pushed up U.S. Treasury yields and weakened bets on Fed rate cuts, as inflation concerns intensify. The Strait of Hormuz has become a focal point, and any prolonged disruption would exacerbate market concerns about deepening global economic risks from the conflict. Nevertheless, since the outbreak of the Iran-Iraq War, the US stock market has only experienced a mild decline so far, and less than 20% of developed market stock markets are technically oversold. (Jinshi)