To The Moon

Ed Yardeni, President and Chief Investment Strategist of Yardeni Research The $S&P 500(.SPX)$ could rally 14% by the end of the year, The Yardeni Research president Ed Yardeni said. Yardeni Research, Inc. is a sell-side consultancy providing a wide range of global investment and business strategy services. US stocks could rally 14% by the end of the year, as the recent banking turmoil will likely to lead to the Fed pausing its rate-hiking campaign, according to the Ed Yardeni. Yardeni expects measures taken by the US central bank and the Federal Deposit Insurance Corporation, will keep the fallout in check. Like what Capital_Insights shared yesterday: global central banks shows clear attitude: risk prevention is the highest priority! Yardeni think it's going to keep the Fed from raising interest rates even further and will power gains in the $S&P 500(.SPX)$ . "I don't see the Fed lowering interest rates. But I think they are currently now at a restrictive enough level where they don't have to keep raising interest rates." Yardeni expects the benchmark US stock index to reach 4,600 points by the end of 2023 – which would represent a 14% rise from its Wednesday closing level of 4,028. CME Group's Fedwatch tool shows that most traders expect it to pause its tightening campaign at its next meeting in May in a bid to contain the turmoil sparked by the collapse of Silicon Valley Bank. Yardeni saying stocks have already shown they can weather the tightening in credit conditions over the past year. Editor‘s Notes: Sounds like the institute has a very positive tone, do you agree with him? What opportunity are you most optimistic about?