A weekend note from noted analyst Ed Yardini with a strong bullish outlook on US equities.
Forecasts:
S&P 500 to 6,100 for the end of 20247000 for end 20258,000 for 202610,000 by the end of the decade
Citing:
“We expect to see animal spirits in measures of consumer and business optimism in coming months as occurred when Trump was elected in 2016.”stock market seemed “thrilled” about Trump’s win,and the potential for a ‘red sweep’, moving to price a more “pro-business” (tax cuts and deregulation) environmentincreased forecast for the S&P 500’s 2026 operating EPS to $320 from $300Could see a “meltup” in equities, that, in turn, would “set the stage for a meltdown.”
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Earlier:
Buffett’s Berkshire Hathaway hoarding cash in a pattern seen before the financial crisisJP Morgan on surging stocks, crypto – the signs of rally fatigue to watch for
This article was written by Eamonn Sheridan at www.forexlive.com.
