S&P 500 is on pace to hit 2,500 next year, with one caveat, technician says By: CNBC.com News August 23, 2016 at 09:07 AM EDT The backdrop for the S&P's 15 percent rise is a market that is expecting a "one-and-wait" interest rate cycle, Todd Gordon says. Read More >> Related Stocks: 20+ Year Treas Bond Ishares ETF Sentinelone Inc Cl A