S&P could hit 5,800 this year: Ed Yardeni

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Published 2024-07-11

Longtime Wall Street strategist Ed Yardeni, president of Yardeni Research, raised his S&P 500 (^GSPC) price target to 5,800 from 5,400. He joins Market Domination Overtime to discuss why he remains bullish on the S&P 500 despite investors trading away from tech. Yardenis is hopeful about a Federal Reserve rate cut in September. He also is hopeful about earnings. "What I'm looking for is a very strong second quarter earnings season... I think a lot of companies that are not technology companies are going to tell us how they're using AI to cut their costs and increase productivity," he says. When it comes to the labor market, Yardeni sees "normalization," adding "When I put it all together, I'm not really that concerned about downsides for the economy. I'm not concerned that inflation is going to remain sticky."
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All Comments (21)

@HeulwenSwara-kn5hj 10 days ago

XAI30H is still extremely undervalued
@CharlotteRosaleen 10 days ago

Just watched your video discussing XAI30H and I am very excited about this
@TaniaLato-ky4wo 10 days ago

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
@HotStuffJoseph-xl2xi 10 days ago

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@parveenmomin6293 6 days ago

I'm betting big on Revux – a project with enormous potential. Can't wait to see it take off!
@uppiraghu6858 6 days ago

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@dhanugfreefire3559 6 days ago

We all know presales are risky, but the gains on those can be insane. I've just put a few thousand in Revux. If I lose, that's a bummer, but if I win, I will be a millionaire by next year.
@nirmalpradhan2427 6 days ago

I can see Revux hitting $5 easily not long after launch.
@chrischoir3594 9 days ago

I wouldn't think Ed is a working stiff, he must be a multi millionaire
@UbaishUbaishansari-ox3ei 6 days ago

RVX (Revux) is an ICO gem!
@godgaming-rj6gn 6 days ago

5k I've just invested in Revux is going to make me a millionaire. Let's go!!
@sureshThakor-fq4lv 6 days ago

My top pick for bull run KAS, SOL, Revux.
@brownmaryjane 10 days ago

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@arkansasta 10 days ago

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@user-vv9uk2yp4v 6 days ago

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@tonnicholas 10 days ago

Bought XAI30H after watching your video, super excited! 💰
@colterakshita 10 days ago

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@lewisjnp1 10 days ago

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@aylmerdyh0 10 days ago

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@maliyahw0cs 10 days ago

My investment portfolios are Bitcoin, ETH and XAI30H