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Yardeni: S&P 500 Will Reach 5,000 by Year-End or Sooner feedspot (RSS) Stock-watcher...


Yardeni: S&P 500 Will Reach 5,000 by Year-End or
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Stock-watcher Yardeni says he doesn't expect a correction, but says if there is one it should be used to add on.

Prominent stock watcher Ed Yardeni continues to believe that the S&P 500 index will reach 5,000 by year-end amid strong earnings.

And it could happen sooner, the president of Yardeni Research told CNBC Friday.

“I have to these days say ‘or sooner,’ because every time I put out a bullish target the bulls stampede all over my back, and they get there a lot sooner because earnings have been so strong,” he said.

The S&P 500 recently stood at 4,497, barely changed. A move to 5,000 would represent an 11% increase from the recent level. The index has jumped 20% year to date.

As for earnings, 87% of S&P 500...

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Banner Acquisition Corp. Announces Closing Of $150,000,000 Initial Public...


Banner Acquisition Corp. Announces Closing Of $150,000,000 Initial Public Offering
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