S&P 500 seen reaching 10,000 by end of decade, spurred by 'animal spirits'

Published On Nov 11, 2024, 4:23 PM

Wall Street is optimistic about the S&P 500 reaching 10,000 by the end of the decade, fueled by the anticipated pro-business policies of the incoming Trump administration, which include significant tax cuts and deregulation. Experts like Ed Yardeni believe the index will hit 6,100 by the end of 2024, 7,000 by 2025, and 10,000 by the decade's end, predicting a long-term annual return of about 11%. Despite potential concerns over inflation and high market valuations, there's a prevailing sentiment that the economic environment will support continued growth.