Oppenheimer raises S&P 500 target to 5,500: Here's why

Stoltzfus joins Yahoo Finance Live to talk about the reasoning behind his new price target for the S&P 500 index.

So a thematic of resilience that looks like it will run further. We think near term, any pullback looks to us like an opportunity for investors to look for babies that have been thrown out with the bathwater, looking to the point of we may even have to raise our target again later this year based on this resilience that has really proven to be even stickier than the inflation rate because the Fed has had considerable success bringing the inflation rate lower, though still far from its 2% target.

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