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Wall Street Bull Yardeni Turns Cautious on S&P 500 Despite 7,600 Milestone

GateNews
IndicesStocks
SPX5000.27%
According to Jin10, on June 3, Yardeni, one of Wall Street's most optimistic forecasters with an S&P 500 target of 8,250, signaled a more cautious stance despite the index breaking through 7,600. The firm cited escalating Middle East tensions, oil supply risks, potential Federal Reserve tightening, and upcoming IPO activity as drivers of market volatility. However, Yardeni maintains a constructive longer-term view, expecting robust earnings growth and AI-driven economic expansion to support market gains.
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