S&P 500 COULD TOP 7,100 IF FED CUT HISTORY REPEATS – RBC The S&P 500 may surpass RBC Capital’s 7,100 target for late 2026 if past trends after Federal Reserve rate cuts hold. RBC notes that “reset” cuts (after long pauses) typically deliver 13% gains over 12 months, while non-recession cuts average 21%, creating upside risk to their forecast. Concerns include weak homebuilder stocks (down 7% since September), slowing EPS estimate upgrades outside the top 10 market-cap names, and narrow market leadership. On the positive side, investor sentiment has improved, historically linked to 15% gains, while capital spending and equity fund inflows are rebounding. RBC concludes that despite near-term uncertainty, history favors further stock gains if the Fed’s latest cuts are not tied to a recession.(*Walter Bloomberg)