S&P 500 will hit 8000 points? HSBC, Citigroup are bullish again, and the chorus of Wall Street bulls grows louder!

Entering the middle of the second quarter of 2026, the US stock market continued its strong uptrend since the beginning of the year. However, behind the impressive index performance, there is a deep-seated "structural imbalance" storyline: the S&P 500 index has risen by 8.4% so far in 2026, but according to research by Citigroup's strategy team, this year's gains in the US stock market index level "almost entirely come from a few mega-cap stocks". The technology sector accounts for as much as 37% of the S&P 500 index, while its weight in the Stoxx Europe 600 index is only 6.3%.