Driven by the "Trump trade," U.S. stocks once again hit record highs. Ed Yardeni, president of the investment advisory firm Yardeni Research and a longtime Wall Street bull, reiterated his forecast on Monday that the S&P 500 will reach 10,000 by 2030, an increase of about 66% from current levels.
He also raised his year-end 2024 prediction to 6,100, a roughly 1.7% rise from now.
However, in pre-market trading on Tuesday, popular assets like Bitcoin and Tesla saw a slight pullback.
Some say that a small pullback after a big rally is very healthy. Others believe that after so many days of gains, a major drop might be coming.
What’s your view?
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