Yardeni Research analyst Ed Yardeni has released a report forecasting that the S&P 500 Index could soar to 10,000 points by 2030. This prediction comes in the wake of the U.S. presidential election results, which have sparked optimism in the market. Investors anticipate that policies favoring economic growth, such as deregulation and tax cuts, will be implemented.
According to Yardeni, the target for the S&P 500 implies a 66.6% increase over the next five years. Jacob Manoukian, Head of U.S. Investment Strategy at J.P. Morgan Private Bank, echoes this sentiment, suggesting that reduced regulatory pressure and strong market reactions to the election are driving U.S. stock markets upward. Small-cap stocks and regional banks are particularly benefiting from confidence in pro-cyclical policies and potential regulatory easing, reflecting broader optimism about the resilience and growth prospects of the U.S. economy.
