Bullish Forecast: S&P 500 to Hit 10,000 by 2030

A weekend note from noted analyst Ed Yardini with a strong bullish outlook on US equities.

Forecasts:

• S&P 500 to 6,100 for the end of 2024
• 7000 for end 2025
• 8,000 for 2026
• 10,000 by the end of the decade

Citing:

• “We expect to see animal spirits in measures of consumer and business optimism in coming months as occurred when Trump was elected in 2016.”
• stock market seemed “thrilled” about Trump’s win,and the potential for a ‘red sweep’, moving to price a more “pro-business” (tax cuts and deregulation) environment
• increased forecast for the S&P 500’s 2026 operating EPS to $320 from $300
• Could see a “meltup” in equities, that, in turn, would “set the stage for a meltdown.”

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Earlier:

• Buffett’s Berkshire Hathaway hoarding cash in a pattern seen before the financial crisis
• JP Morgan on surging stocks, crypto – the signs of rally fatigue to watch for

This article was written by Eamonn Sheridan at www.forexlive.com.