The earnings estimates for SP500 in 2025 and 2026 are increasing in the double digits +13% in 2025 and +11% in 2026. Factset is expecting 14.8% earnings growth in 2025. https://insight.factset.com/sp-500-cy-2025-earnings-preview-analysts-expect-earnings-growth-of-15
If the wars come to an end and the government deficit comes under control in the US; I expect more upside longer term.
AI can help improve productivity significantly - https://www.msn.com/en-us/health/other/openai-s-o3-model-aced-a-test-of-ai-reasoning-but-it-s-still-not-agi/ar-AA1wfITU