S&P 500 Headed for 10% Pullback, Says Wall Street Veteran Forecasting Market Correction

• S&P 500 due for a "classic 10% correction", predicts Wall Street veteran Ed Yardeni • Strong economic data suggests no Fed rate cuts in 2024, instead rates may be maintained • Yardeni expects the S&P 500 to test its 200-day moving average around 4,700, a 10% drop • Correction would align with typical cycles during economic recalibration periods • Escalating geopolitical tensions compound market uncertainty