Wall Street veteran: S&P 500 can rise another 11% this year, will surge to 10,000 points by the end of 2029

Golden Finance May 11｜Wall Street veteran and founder of investment advisory firm Yardeni Research, Ed Yardeni, has consistently advocated that the US stock market will once again see the “Roaring Twenties.” With recent earnings driving a surge in the stock market, he is even more optimistic about this year’s market outlook. On Sunday, this market expert raised his year-end target for the S&P 500 from 7,700 points to 8,250 points, making him the most bullish among Wall Street’s top forecasters. Based on last Friday’s closing price, this target suggests the index could rise another 11.5%. So far this year, the S&P 500 has risen nearly 8% in total.