This market maven raised his S&P 500 target three times this year. Now he says there's too many bulls
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Market expert Ed Yardeni, who has raised his S&P 500 target three times this year, is now cautious about a short-term pullback due to contrarian indicators suggesting an overly bullish sentiment.
December 06, 2024 | 11:45 am
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Ed Yardeni's caution about a short-term pullback in the S&P 500 due to contrarian indicators could impact IVV, an ETF that tracks the S&P 500.
IVV is an ETF that tracks the S&P 500. Ed Yardeni's warning about a potential pullback in the S&P 500 due to excessive bullish sentiment suggests a possible short-term negative impact on IVV.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80