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Yardeni Cuts S&P 500 Target to 7,900 on Rising Yields (SPY:NYSEARCA)
Yardeni said rising Treasury yields and higher oil prices increase the risk of a downturn over the next three to six months.
Summary by Seeking Alpha
8 Articles
8 Articles
Stocks Bull Yardeni Cuts S&P 500 View to 7,900 on Downturn Risks
Ed Yardeni, one of the biggest stock bulls on Wall Street, is slashing his year-end forecast for the S&P 500 Index a month after raising it, citing increasing risks of a downturn in the next three to six months.
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Ed Yardeni cuts S&P 500 year-end target to 7,900 as downturn risks mount
Yardeni's revised S&P 500 target highlights increased market caution, reflecting broader economic uncertainties and valuation pressures.
The president and chief investment strategist at Yardeni Research lowered the target price to 7,900 points from 8,400.
Coverage Details
Total News Sources8
Leaning Left1Leaning Right1Center1Last Updated34% Left, 33% Center, 33% Right
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
34% Left
L 34%
C 33%
R 33%
Factuality
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