Mr. Yardeni raised the S&P 500 target to 5800 - “There wasn't enough bullish attitude”
2024/7/12 0:07 JST (some excerpts)
Ed Yardeni, the founder of Yardeni Research, set the year-end forecast for the S&P 500 stock price index to 5800 and raised it from the previous 5400. Also, the forecast that the same index would rise to 8000 by the end of the 2020s was shown again. On top of that, they also expressed the view that there is a possibility that these targets will be realized sooner than expected in response to a bullish market.
In a customer report written late on the 10th, Mr. Yardeni wrote, “We have become one of the leading bullish strategists in the market since 2022/11, but we still haven't had enough bullish stance.” The new S&P 500 forecast by Mr. Yardeni suggests an increase of about 3% from the closing price of 5633.91 on the 10th.
Ed Yardeni, the founder of Yardeni Research, set the year-end forecast for the S&P 500 stock price index to 5800 and raised it from the previous 5400. Also, the forecast that the same index would rise to 8000 by the end of the 2020s was shown again. On top of that, they also expressed the view that there is a possibility that these targets will be realized sooner than expected in response to a bullish market.
In a customer report written late on the 10th, Mr. Yardeni wrote, “We have become one of the leading bullish strategists in the market since 2022/11, but we still haven't had enough bullish stance.” The new S&P 500 forecast by Mr. Yardeni suggests an increase of about 3% from the closing price of 5633.91 on the 10th.
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