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The “Roaring 20s” are making a comeback, with market expert Ed Yardeni predicting that the S&P 500 will reach new heights.
Yardeni Research’s president anticipates that the index could reach 8,000 by the end of the decade, driven by advancements in AI and stronger corporate earnings.
According to Ed Yardeni, the bullish trend in stocks is expected to continue until the end of the decade.
During an interview on the David Lin Report, Yardeni reiterated his optimistic outlook on the stock market. He forecasted that the S&P 500 could reach 6,000 by the end of 2025 and potentially surge to 8,000 by the end of the decade, indicating a 46% increase for the benchmark index.
Yardeni attributed this upward trajectory to a combination of positive factors, suggesting that the spirit of the “Roaring ’20s” has returned.
“I remain bullish. I believe it’s a bull market… These are my base case scenarios, with a 60% likelihood of the Roaring 2020 scenario,” he stated regarding his price targets.
Stocks are poised for a bright future…
2024-06-23 15:31:02
Originally posted on finance.yahoo.com