Business & Finance
Yardeni Raises S&P 500 Target on 'Fabulous Earnings Momentum'
Key Points
An in-line inflation reading spurred gains in both stocks and bonds, easing concern about imminent Federal Reserve interest-rate increases despite elevated oil prices. Ed Yardeni, Founder at Yardeni Research, talks about raising his S&P target and the market melt up.
An in-line inflation reading spurred gains in both stocks and bonds, easing concern about imminent Federal Reserve interest-rate increases despite elevated oil prices.
Ed Yardeni, Founder at Yardeni Research, talks about raising his S&P target and the market melt up. (Source: Bloomberg)