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?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
