The Slow-Mo Melt-Up: Hello 6000
6000 too conservative
Yardeni says this slow-motion meltup has further to run and could see their 6000 SPX target for 2025 being too conservative.
"Eric, Joe, and I aren’t raising our year-end target for the S&P 500 just yet. But we are learning to live with the S&P 500 outpacing even our bullish projections. It did so last year: Our year-end target of 4600 was reached on July 31, 2023....Now we are rethinking whether our current projections of 6000 by the end of 2025, 6500 by the end of 2026, and 8000 by the end of the decade might be too conservative. The market may be discounting our Roaring 2020s scenario faster than we expected."