Yardeni Predicts Strong Market, Shifts Investment Strategy

Veteran strategist Ed Yardeni predicts a strong year ahead for the stock market, forecasting the S&P five hundred index to reach seven thousand seven hundred by the end of next year. This optimistic outlook, shared in a recent note to clients, suggests the Roaring Twenty Twenties will continue, driven by resilient earnings and a robust economy. Yardeni points to significant earnings growth, expecting S&P five hundred companies collective earnings per share to jump from two hundred sixty-eight dollars this year to three hundred ten dollars next year, marking a fifteen point six seven percent increase. Yardeni also announces a significant shift in his investment recommendations, ending his overweight recommendation for technology stocks and recommending an overweight allocation for the Healthcare sector, aiming to mitigate risks associated with over-concentration in a few high-performing sectors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.