'This Is A Long-Term Bull Market': Expert Ed Yardeni Stands By His 5,400 Year-End S&P 500 Target, Predicts 26% Upside By 2026
Portfolio Pulse from Benzinga Neuro
Ed Yardeni, a renowned economist, predicts a 26% increase in the S&P 500 by 2026, reaching 6,500. He maintains a year-end target of 5,400 for the S&P 500, considering it conservative. Yardeni's optimism is based on the market's improving breadth and high bullish sentiment among investors. He contrasts with technical analyst Milton Berg, who warns of a potential 60% market crash.
March 15, 2024 | 4:09 am
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Apple Inc, as part of the 'Magnificent Seven', was highlighted by Yardeni for showing signs of vulnerability in March, amidst his overall bullish market outlook.
Yardeni's mention of Apple's vulnerability in March suggests caution, but his overall bullish stance on the market might mitigate immediate negative impacts on AAPL's stock. The relevance and importance are moderate as the comment was specific but part of a broader market analysis.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Tesla Inc, also part of the 'Magnificent Seven', was noted by Yardeni for showing signs of vulnerability in March, amidst his bullish market forecast.
While Yardeni's comments in March about Tesla's vulnerability suggest caution, his overall positive market outlook could neutralize short-term negative impacts on TSLA's stock. The relevance and importance are moderate, reflecting the specific mention within a larger optimistic market perspective.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50