How will monetary policy shape up? Edward Yardeni, President of Yardeni Research, made striking remarks during a program he participated in. Edward Yardeni: "The Fed did not raise rates by 25 basis points at its most recent meeting, but it could implement a 50-basis-point hike at the December meeting. I’m a huge fan of the two-year Treasury; we could eliminate the Fed entirely by just tracking the two-year note, and I’d be delighted to do it at half the cost. I’m sticking with my year-end S&P target of 7,900. And what about the next 12 months or the coming year? I believe we’ll likely see a level around 9,000, and by the end of the decade, we’ll reach 10,000. But what’s truly strange is that analysts currently expect S&P 500 earnings to reach $500 per share by 2028. That’s my target for 2030."
Berke OktayShare
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