Posted 3/14/2024, 5:48:00 PM
Yardeni Forecasts S&P 500 Surging to 5,400 This Year and 6,500 By 2026 as Bull Market Extends
- Yardeni sees S&P 500 rising to 5,400 by year-end and potentially up 26% to 6,500 through 2026
- Calls this a "long-term bull market" that could last with no recession on the horizon
- Encouraged by improving market breadth, with more stocks outside tech participating
- Momentum trade could stall out as more non-tech stocks rise
- With Fed unlikely to hike rates, doesn't see a recession or end to the bull market for 1-2 years