Ackman Targets $10B S&P 500 Buys as Index Hits 7,126 (+1.20%)

Billionaire Bill Ackman plans a summer IPO for Pershing Square U.S. to raise $10 billion, deploying it quickly into high-quality large-caps like Meta (22x earnings) and Amazon (32x earnings) despite S&P 500 at 7,126.06 (+1.20%) and forward P/E of 20.4. He cites durable advantages, AI exposure, tax tailwinds, deal activity, and capex, but warns of Iran risks boosting oil and rates. This signals institutional bullishness on megacaps amid elevated valuations.