Category: strategists
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There’s a simple reason one of Wall Street’s most bullish strategists expects a 40% rise in the S&P 500 by 2030
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Getty Images; Jenny Zhang Rodriguez/PI Ed Yardeni predicts that the S&P 500 will reach 8,000 by 2030. Yardeni’s prediction is based on a simple analysis of historical growth rates. His bullish forecast is supported by a “Roaring 2020” scenario in which productivity grows. There’s a simple reason why one of…
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Strategists explain why falling inflation won’t help stocks anymore By Investing.com
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The stock market posted a mix of gains and losses during Wednesday’s session as investors examined the latest consumer price index (CPI) data, according to a Sevens report. Ultimately, the index edged up slightly to close with a modest gain of 0.38%. The day started on an upbeat note as…
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Biden running out of time to turn voters’ perceptions on inflation: strategists By Investing.com
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Research firm Strategas released data showing that its inflation index grew at a rate of 3.8% year-on-year. The CPI for the Common Man measure focuses on items that people have to buy regularly – food, energy, shelter, clothing, utilities and insurance. This marks the ninth straight month that the regular…