From Investing.com: 2024-11-22 22:39:00

Following President Trump’s re-election, the stock market has surged past 6,000, sparking optimism. Economist Ed Yardeni predicts the S&P 500 will hit 10,000 by 2029, citing factors like tax cuts and deregulation. Yardeni also sees the S&P 500 reaching 6,100 by 2024, 7,000 by 2025, and 8,000 by 2026. However, history shows bullish forecasts can be derailed by economic downturns. The rise in “animal spirits” driving investor confidence may not sustain long-term growth. Risks to Yardeni’s forecast include tax cuts, corporate profitability, and government debt. Diversifying portfolios and staying flexible can help investors prepare for market gains or downturns.



Read more at Investing.com: The Long History of Stock Market Prediction Problems