YARDENI LIFTS S&P 500 TARGET TO 7,000 ON ECONOMIC STRENGTH
Yardeni Research raised its year-end S&P 500 target to 7,000, citing a resilient U.S. economy and improved sentiment after Trump’s trade resolution.The firm said the V-shaped rebound since April reflects reduced recession risks and described the market as a “slow-motion melt-up” supported by Fed rate cuts.Yardeni lifted the odds of a melt-up to 30% and expects another strong Q3 earnings season, projecting 10.7% EPS growth versus analysts’ 6.4%. Forward earnings hit a record high, with the P/E at 22.7.The copyright of this article belongs to the original author/organization.
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