The S&P 500 will surf a tidal wave of government spending – but other parts of the US economy are in pain, Kevin O'Leary says

• Kevin O'Leary expects the S&P 500 to ride high as major federal spending programs kick in.
• The "Shark Tank" investor sees the CHIPS Act and Inflation Reduction Act boosting the stock market.
• Other parts of the US economy face stubborn inflation, debt woes, and tighter lending, he says.

The S&P 500 will surf a wave of government spending over the next few years, while other parts of the US economy navigate a raft of challenges, Kevin O'Leary has said.