Said on May 4, 2026, at 9:58 in the video.
“In fact, Fidelity believes that because of AI, the stock market's going to continue moving higher.”Recorded as stock market, a word for a group: this call is judged on SPY, the stand-in the method assigns to it.
SPY closing prices, adjusted for splits. The shaded span is the one-year window: it starts at the first close after the video went public and ends at the last close on or before one year after the day the video was published.
Attributed to Fidelity — not scored
in a bubble, but Fidelity says there are some warning signs that they recommend everyone be observant of. And if you're curious what those are, here you go. One, companies burning through cash while spending more than they make. Two, businesses each owning a piece of each other to the point where if one falls, they all fall. Three, debt levels are growing out of proportion to profits. Four, AI hitting a limit in terms of how much energy it uses, which would literally cap growth. And five, if borrowing costs increase, their profits will decrease. In fact, Fidelity believes that because of AI, the stock market's going to continue moving higher. The simple fact that smaller companies will adopt it. Professional service companies, industrial firms, healthcare and utility companies, they'll all be able to scale. And yes, when you look at the CAPE ratio, it's high, okay? There's no way around it. But Ben Carlson argues that you shouldn't really be looking at the last 150 years because that's not how our economy works anymore. A better metric is just to look at the last 30 years when the internet was widely accepted. And as you can see, the average isn't anywhere near as crazy as people make
What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.
Graham StephanSPYwill outperform
“Instead, just invest the difference in the S&P 500. And over the long term, over the next 20 years, you're going to have so much more money than what you would have put in the property.”
Sep 9, 2026 · after 1 year
Graham Stephan, relaying Fidelity: SPY will rise
“Fidelity thinks that this is just the very beginning and the markets will continue going higher because of AI.”
Aug 25, 2026
Andrei JikhSPYwill fall
“However, before the United States returns to the big print, the markets can continue going down.”
Aug 5, 2026 · after 30 days
Graham Stephan, relaying Morgan Stanley: SPY will rise
“On top of that, Morgan Stanley also believes 500 is going to rise this year, ending at 7,800. Citibank sees 7,700, and both JP Morgan and Wells Fargo see a relatively flat market for these next few months.”
Jul 27, 2026
Graham Stephan, relaying Goldman Sachs: SPY will rise
“Goldman Sachs just raised their year-end S&P 500 target to 8,000, up from 7,600, which implies solid upside from where we are today.”
Jul 27, 2026
Graham StephanSPYwill fall
“Historically, when the savings rate reaches an absolute low like this, the stock market tends to suffer in the years following. Now, I'm not saying that's a guarantee, but it's something at least worth considering.”
Jun 25, 2026 · after 90 days
