Ed Yardeni: I've been among the bulls and haven't been bullish enough
Speakers
Ed Yardeni
— President, Yardeni Research
Squawk Box
— Host
Summary
Ed Yardeni reaffirms his bullish S&P 500 targets of 8,250 for 2025 and 10,000 by 2029, citing exceptional earnings momentum and a resilient US economy. He argues the rally is earnings-led, not a valuation bubble. The SpaceX IPO is seen as a positive signal for the market, and more large IPOs are expected.
- Yardeni expects S&P 500 to reach 8,250 by year-end on 20% earnings growth.
- Long-term target of 10,000 by 2029 under his 'Roaring 2020s' thesis.
- Earnings-led melt-up is healthier than valuation expansion; multiples are stable.
- US consumer and broad economy remain resilient despite high gasoline prices.
- SpaceX IPO was seen as flawless and a drop in the bucket for the overall market.
- More large IPOs are anticipated, contributing to positive market sentiment.
Ideas
Earnings momentum drives S&P to 8,250
The S&P 500 is on an earnings-led melt-up with 20% earnings growth expected for the next seven quarters, driven by a resilient US economy and consumer, and the current rally is healthier than a valuation-led one; he maintains his year-end target of 8,250.
Up Next
This CNBC video, published June 15, 2026, features Ed Yardeni discussing SPY. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Ed Yardeni · Tickers: SPY