Dire. The croupier of the sell‑side, the illustrious Ed Yardeni, brandishes his crystal ball and proclaims a new crescendo for the mighty S&P 500.
In a fresh rendezvous with CNBC, the gourmand of numbers reveals his portfolio’s score has swelled from 7,700 to a cheeky 8,250 by the year’s close.
“I’ve been bullish, yet I feel the need to juice it further. Analysts’ earnings forecasts are a panacea, like wine for the soul. The first‑quarter season has turned out to be a rollicking banquet, with forecasts galloping towards 23%-a performance that would make the Golden Bull gasp!”
Wary of the tempest that Dora-the-Iran War is brewing, Yardeni cajoles investors to grin at the economy’s resilience: “Oh, do not be fooled.”
The seasoned trader laments that analysts indulge too heavily in Washington’s melodrama, that the Capitol’s theatrics may outweigh the market’s applause.
“We’ve battered Washington and still remain unscathed. The spectacle extends globally – the world’s market playfarce is indeed a masterclass!”
Today the S&P 500 stands at 7,416.18, rising over 2.5% in the past five days – a jump to 8,250 would be akin to tossing a cannon into a cannonball showroom, adding eleven percent of spectacle to the ledger.
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2026-05-12 15:41