Ed Yardeni: Friday's market stumbles are a healthy development
Speakers
Ed Yardeni
— President, Yardeni Research
Summary
Ed Yardeni assesses the recent market selloff as a healthy pullback within a long-term bull market. He reaffirms his bullish S&P 500 targets of 8,000 by year-end and 10,000 by the end of the decade, supported by economic resilience and the AI-driven digital revolution. Yardeni also discusses the Fed's potential July rate hike and views it as a contrarian catalyst for a necessary correction.
- Yardeni views the selloff as healthy and not a repeat of 1999-2000.
- He expects the Fed to raise rates in July, a contrary call.
- He maintains long-term bullish S&P 500 targets of 8,000 (2025) and 10,000 (2030).
- He sees AI as a real, transformative force driving the digital revolution.
- He draws parallels to earlier panic attacks (tariffs, Middle East) as buying opportunities.
- He notes that high valuations are justified by resilient earnings momentum.
Ideas
S&P 500 to 10,000 by decade end
Yardeni is long-term bullish on the S&P 500, targeting 10,000 by the end of the decade (and 8,000 by year-end 2025). He believes the economy is resilient and will continue to grow through the rest of the decade, driven by the digital revolution and AI as a real, transformative force. He views current pullbacks as healthy corrections within a secular bull market, not a 1999-2000 repeat, and sees dips as buying opportunities.
Up Next
This CNBC video, published June 05, 2026, features Ed Yardeni discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Ed Yardeni · Tickers: SPY