ProShares Ultra S&P500

SSO

Market cap $7.18B

Listening to these firms announce their S&P 500 price targets for 2026, it's easy to draw the conclusion that the “Street” is bullish in 2026. With just a month left in 2025's trading calendar, the S&P 500 has been on a 3-year tear.

Cries of an S&P 500 cloud-AI bubble are growing. The S&P 500 is increasingly dominated by a small number of cloud-AI mega-cap stocks.

Direxion Daily Semiconductor Bull 3X Shares (SOXL) experienced much deeper drawdowns and higher volatility than ProShares Ultra S&P500 (SSO) SOXL offers a slightly lower expense ratio, but SSO offers a higher dividend yield SOXL is concentrated entirely in semiconductors, while SSO mirrors the broad S&P 500 with hundreds more holdings

QLD has delivered a much higher 1-year return and leans even more heavily into technology than SSO. SSO is slightly cheaper to own and offers a higher dividend yield, but both funds reset leverage daily.

Fundstrat Capital CIO Tom Lee told CNBC on Monday that he thinks the S&P 500 is likely to reach 7,200 or 7,300 in December, after setting very aggressive year-end targets for the index and bitcoin earlier this year.

On Thanksgiving holiday week, the S&P 500 rose 1.7% from its previous week's close, reaching 6,849.09 by the close of trading on Friday, 28 November 2025. In 2026, the FedWatch tool gives better than even odds for additional quarter-point rate cuts on 29 April (2026-Q2), 29 July (2026-Q3), and 9 December (2026-Q4), which is unchanged from the previous week.

U.S. indices slipped early Monday amid choppy, directionless trading, though key support levels across the NASDAQ 100, Dow Jones 30, and S&P 500 remain intact. Despite noise, the broader uptrends persist, with December seasonality favoring potential upside continuation.

“Even if such support levels within the uptrend were violated, my takeaway was that such a scenario did not guarantee a correction, but would up the ante on correction risk

The Chinese tech giant's U.S.-listed stock was one of the few names rising to start December.

Black Friday sales rise, Bitcoin tumbles below $90,000 again, Thanksgiving travel disrupted, and more news to start your day.