In this special MoneyShow MoneyMasters Podcast episode recorded at the 2026 MoneyShow Masters Symposium Las Vegas, I sit down with Ed Yardeni, president of Yardeni Research, and Kevin Mahn, chief investment officer at Hennion & Walsh, to discuss why the S&P 500 Index (^SPX) could be headed to 10,000.
Yardeni starts by explaining why record stock prices, resilient consumer spending, rising productivity, and accelerating capital investment continue to support economic growth. Despite years of recession warnings, he sees no recession on the horizon and maintains a bullish forecast for the S&P: 8,000-8,250 by the end of 2026 and 10,000 by 2030.
Mahn then shares his own optimistic outlook, covering where investors should “follow the money.” He highlights four major areas attracting billions of dollars in spending: AI infrastructure, utilities and power, aerospace and defense, and healthcare. He also introduces his “AI Revolution Seven” or “AIR 7” - a diversified group of companies positioned across the broader AI ecosystem, including semiconductors, memory, data centers, cooling systems, and electric utilities.
The conversation also explores the strength of corporate earnings, the market's ability to climb a continuing wall of worry, and opportunities beyond mega-cap technology. Mahn makes the case for small-cap biotechnology, where rising merger-and-acquisition activity and the pharmaceutical patent cliff could create compelling opportunities. Yardeni separately explains why financial stocks may also benefit from technology-driven cost savings, resilient economic growth, and improving credit conditions.
For investors seeking a clear, actionable outlook on stocks, AI, earnings, small caps, biotech, financials, interest rates, and the long-term outlook for markets, this discussion offers a practical roadmap for navigating the rest of the “Roaring 2020s.”
Please Note: You can get portfolio help from Ed LIVE at the 2026 MoneyShow Masters Symposium San Francisco, scheduled for Aug. 25-28. Click here to register!
