TSX Set to Break Record Highs as Raymond James Strategist Predicts 16% Return in 2026

Raymond James strategist Javed Mirza predicts a 16% return for the S&P 500 in 2026, closing at 7,940. He believes the S&P/TSX Composite Index will reach 35,000, a 2,000-point increase. Mirza expects "choppy consolidation" until November and December, but sees momentum accelerating then. He recommends accumulating positions to set up for another leg higher into 2027. The TSX may outperform the S&P 500 due to a potential secular shift.