As US stocks approached new record, the most optimistic strategist from Wall Street doubles his bet on 12% growth of S&P 500 in less than five months, Bloomberg reports.

In opinion of Tony Dwyer from Canaccord Genuity LLC, index will reach level of 3200. Such growth will be stimulated by further development of world economy and positive corporate earnings. Reset of global expectations and demographic factors will also influence stock market. Resent pause in growth Dwyer views as opportunity to buy.

American stocks index grew to record level 2872 in January. Then wave of volatility and interest rates rise caused its fall by 10% in the beginning of February. Since then index has been steadily recovering and closed at 2857,70 on Wednesday.

Canaccord’s strategist thinks that index growth will continue next year and will reach 3360 level by the end of 2019.