Reported 2 months ago
Ed Yardeni, President of Yardeni Research, forecasts that the S&P 500 could hit 8,000 by the end of the decade, primarily driven by rising earnings. He anticipates that earnings growth will continue, with projections of $250 per share this year increasing to $400 by 2030. Yardeni is particularly optimistic about sectors like technology, industrials, and financials but expresses caution regarding interest-rate-sensitive sectors as he doesn't expect significant drops in interest rates.
Source: YAHOO