Ed Yardeni, a veteran strategist, has made a bold prediction that the S&P 500 will reach 10,000 by the end of the decade, representing a 66% increase. This optimistic outlook is attributed to the economic policies of President-elect Donald Trump, which have unleashed "animal spirits" and increased confidence on Wall Street.
Yardeni has also revised his year-end targets for the S&P 500, projecting it to reach 6,100 in 2024, 7,000 in 2025, and 8,000 in 2026. This reflects a broader trend of growing optimism among investors regarding the future performance of the stock market.