According to Goldman Sachs Global Investment Research's forecast, we expect the S&P 500 index to rise 9% in the next 12 months, reaching a target of 6300 points. This forecast is based on the premise that S&P 500 earnings per share (EPS) will grow by 11%. The chart shows that the price and earnings per share of the S&P 500 index have been steadily rising. By 2026, the index price is expected to reach $3288, with earnings per share increasing to $288. Looking further ahead to 2030, the price and earnings per share are projected to continue ascending, reaching $3325 and $325 respectively. However, the trajectory of the foreign exchange (FX) market may become an uncertain factor in achieving this forecasted target. The strength of the US dollar directly impacts the performance of the US stock market. If the dollar appreciates significantly, it will weigh on the S&P 500 index's gains; conversely, a substantial depreciation of the dollar would help drive the index to surpass expectations and set new highs. Additionally, factors such as global economic growth, interest rate levels, and geopolitical conditions will also be transmitted through the exchange rate channel, introducing uncertainty to the direction of the S&P 500 index. In summary, the future development prospects of the S&P 500 index remain bright, but volatility in the FX market may become a key variable affecting its actual performance. Investors need to closely monitor related dynamics.