Get the latest news and updates on FINTECH.TV

Market Insights: S&P 500 Predictions and the Future of Tech Stocks

Market Movers: The Opening Bell

November 26, 2025

Video Transcript

Now we have seen up and down price action this year for both equity averages as well as crypto.

And despite the steep sell-offs in March and April and volatility this year, all three major equity averages are up double digit percentages year to date.

And despite record highs from Bitcoin and EC, crypto majors are currently down double digit percentages on the year.

And as we head into the end of 2025, the debate over a potential AI bubble.

Heated up.

But if the S&P 500 and Nasdaq are going to rally further next year, tech stocks will need to show strength.

Well, joining me to weigh in this morning is Maryanne Bartels, chief investment strategist for Sanctuary Wealth.

Maryanne, great to have you here.

Thank you so much for joining me.

I understand that Sanctuary Wealth put out a 7000 price target for the S&P 500 by the end of the year.

So tell us about this price target for the S&P heading into the new year.

So we have been expecting the market to reach 7000.

This correction has been pretty sharp, and we are expecting a rally, and what's going to be key is whether or not we can break out to new highs.

We did issue our forecast for next year at 7500, but we expect next year to be a little bit of a choppy year.

It's the midterm.

Election year and we tend to have a lot of volatility during the midterm, particularly between the months of April and September.

So we think technology is poised to actually correct in here and we're probably in the early phases of that correction, but we do expect them to maintain leadership.

And Maryanne, as you mentioned before we head into the new year, there are a lot of catalysts that we're keeping our eyes on.

But as you mentioned, a lot of price targets are coming out as well as we head into year end.

But first, I do want to get your take on what we've been seeing in terms of digital assets, in particular crypto.

So since October 10th, we've seen crypto sell-offs and Bitcoin lower on the year despite all of the regulatory progress on digital assets.

So what is your outlook for Bitcoin moving forward?

I think what's important to understand is that the long term uptrend is holding.

We can go down and test the 80,000 area, but I, the Bitcoin is extremely oversold technically, both on the daily and the weekly, and I expect around the 80,000 level to hold.

So I think we can actually get a rally in Bitcoin.

In fact, I'm using that as a leading indicator to see risk going back on.

And Maryanne, I do want to get your take on sectors while I have you here.

No doubt the S&P 500 healthcare sector outperformed the index itself this month and also in the past three months.

And and Gilead sciences are also up over double digit percentages year to date.

So what is your outlook, especially when it comes to the biotech names?

So if you look back during the summer, health care was extraordinarily oversold, and we were expecting a mean reversion trade, a rally in health care, but I'm not seeing a shift in leadership.

But when you dive into health care, the sector that is showing leadership is biotech.

So if you're looking to add to health care, particularly going into the end of the year into 2026, we're really favoring the biotech space.

And of course the space we've been keeping close eyes on are tech and in particular artificial intelligence.

Now Michael Burry and Ray Dalio have expressed their feelings that we are in an AI bubble, but AI demand is still rampant and also has pushed Google to all-time highs, and this does come on the heels of the latest back and forth between Alphabet as well as Nvidia.

So what is your take on the tech sector as we head into the new year?

So as I said, I still think this is leadership.

I do think many of the stocks are extended and need to correct.

As for a bubble, we went back and compared the NASDAQ, and we used the NASAQ because it's so tech heavy to the dot-com period and actually also the 1920s, and we're actually tracking very similar to those periods.

My, my sense is, is that we're in the early stages of entering a bubble.

I don't think we're in a bubble right now, but I think by the time we get to the end of the decade.

Around 2029, 2030, we're going to wind up being being in a tech bubble.

I right now in terms of everybody talking about a bubble, the sentiment would say that we're not in a bubble, and the earnings picture is completely different than what we had during the dot com.

We really have mature companies with strong balance sheets and strong earnings.

So I think there's still a very long runway.

And if you really Think about it.

The leader within tech is semiconductors, and the demand for semis is insatiable.

It's going to take years to build out these data centers.

So again, I really still think what's driving this market actually out to the end of the decade is technology, particularly semiconductors, that will allow the S&P to reach 10,000 to 13,000 by the end of the decade.

Well Maryanne, we will have to leave it there, but thank you so much for joining us today and have a safe and happy holiday weekend.

Thank you.

Remy Blaire engages in a compelling discussion with Mary Ann Bartels, the Chief Investment Strategist at Sanctuary Wealth. The conversation centers around the current dynamics of the financial markets as they approach the end of 2025, highlighting both equity averages and the cryptocurrency landscape.

Remy opens the segment by noting the significant volatility experienced in the markets throughout the year, including steep selloffs in March and April. Despite these fluctuations, all three major equity averages have managed to achieve double-digit percentage gains year-to-date. In contrast, major cryptocurrencies like Bitcoin and Ethereum are down by double digits, prompting a deeper examination of the digital asset space.

Mary Ann shares her insights on the S&P 500, revealing that Sanctuary Wealth has set a price target of 7,000 for the index by the end of the year, with an even more ambitious forecast of 7,500 for the following year. She emphasizes the importance of breaking out to new highs and discusses the expected volatility that typically accompanies midterm election years, particularly between April and September.

The conversation shifts to the cryptocurrency market, where Remy asks Mary Ann about the recent trends affecting Bitcoin. Despite a decline in value, Mary Ann reassures listeners that the long-term uptrend for Bitcoin remains intact. She suggests that the 80,000 level could serve as a critical support point, potentially leading to a rally in the near future.

As they delve into sector performance, Remy highlights the healthcare sector, which has outperformed the S&P 500 recently. Mary Ann points out that while healthcare has seen a mean reversion trade, the biotech space is emerging as a leader within the sector. She encourages investors to consider biotech as they look to add to their healthcare exposure heading into 2026.

Latest articles

Related articles