Castle Securities' stock strategy chief Rubner is optimistic that the S&P 500 index will rise to 7000 points by the end of the year.

According to Scott Rubner of Castle Securities, the recent "healthy" pullback in the S&P 500 index has laid the foundation for a strong rebound. As we enter the end of the year, market positioning and seasonal trends are expected to drive an upward trend. Rubner pointed out in his report to clients that a series of positive factors include: continued demand from retail traders; institutional investors reducing their positions in US stocks before the Thanksgiving holiday, giving them more room to increase their positions now; and strong performance from Nvidia. This is likely to prompt traders to rush to rebuild their positions before the end of the year. Rubner wrote on Thursday, "The holiday parties haven't been canceledthey've just moved to the bar." He believes that the S&P 500 index will reach 7000 points by the end of the year, an increase of 5.4% compared to Wednesday's closing price.