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Yardeni Boosts S&P 500 Target on Solid Earnings Momentum and AI Growth

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The Story

News Summary

  • Ed Yardeni downplayed AI bubble fears, projecting the S&P 500 to hit 8,400 by year-end 2026 and 10,000 by 2029.
  • He cited robust earnings momentum and resilient economic growth driven by hyperscaler capex, while cautioning that geopolitical tensions and oil prices remain key market risks.
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