Based on the latest market data, spyi stock price forecast models incorporate Fed policy signals; a more dovish tone could push prices 3–4% higher from current levels. Enter alternatives with their diversified return streams. Alt strategies are enormously varied but exhibit a level of fundamentals that differ from stocks and bonds. A great example of this is if we look at the most talked about alt this year, bitcoin. Alongside earnings, stock valuations are also seen compressing. The S&P 500 began 2025 trading at a price-to-earnings ratio of 21.5 times forward EPS, but has since dropped to 20 times. Current volatility metrics show VIX levels easing, which historically supports ETF gains, bolstering the bullish spyi stock price forecast through late summer.