Ed Yardeni Still Sees S&P 10,000 by 2029. So Why Is He Getting More Cautious?

Yardeni keeps his S&P 10,000-by-2029 target but delays the 8,400 waypoint to mid-2027 on oil and bond-yield risks.

• FIMO replaces FOMO: Yardeni coined 'fabulous earnings momentum' to describe this bull market, contrasting it with speculative melt-ups—earnings have risen faster than valuation multiples have compressed.
• Target pushed, not abandoned: His $8,400 S&P 500 target moved from near-term to mid-2027, with ~$7,900 possible by year-end 2025, but the 10,000-by-2029 Roaring 2020s thesis stands (20x multiple on ~$500 EPS).

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.