S&P 500 Could Reach 10,000 by End of Decade, Up 33%, Yardeni Says

US500-0.14%
According to Jin10, Yardeni Research President and Chief Investment Strategist Ed Yardeni said in a recent interview that the current rally in U.S. stocks is driven by strong corporate earnings growth, not speculation. The S&P 500's current forward price-to-earnings ratio of 20 to 22 times is justified as long as the U.S. economy avoids recession in coming years, Yardeni noted. He projects the index could reach 10,000 by the end of this decade, representing approximately 33% upside from current levels.
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