Yardeni Sees New S&P 500 High at 10,000. ‘Animal Spirits Are Back.
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The S&P 500 has reached record highs 50 times this year, closing just below 6000 recently. Analyst Ed Yardeni predicts the index could reach 10,000, indicating a resurgence of 'animal spirits' in the market.
November 11, 2024 | 3:45 pm
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POSITIVE IMPACT
The S&P 500's record highs and potential to reach 10,000 could positively impact IVV, an ETF that tracks the index.
IVV is directly tied to the performance of the S&P 500. As the index reaches record highs and is predicted to go higher, IVV is likely to see positive price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80