Veteran strategist Ed Yardeni predicts a bullish 2026 with the S&P 500 reaching 7,700. Earnings per share expected to rise to $310, a 15.67% increase. Economic growth to accelerate due to various factors, including tech giants planning over $500 billion in capital expenditures.

Wall Street forecasts for the S&P 500 range from 7,100 to 8,000 next year. Yardeni ends 15-year overweight recommendation for tech stocks in S&P 500, citing their high concentration and riskiness in portfolios. Sectors combined account for 45% of the index.

Read more at Yahoo Finance: Ed Yardeni sees S&P 500 reaching 7,700 next year, says profits and growth will ‘remain resilient’