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2026-09-16 21:10:11
[Yardney Lowers S&P 500 Target, Short-Term Risks Rise] ⑴ Wall Street bull Yardeni lowered his year-end target for the S&P 500 from 8400 to 7900, citing rising bond yields and increased downside risks to the economy over the next 3-6 months. ⑵ He also lowered his forward P/E ratio forecast from 19.8 to 18.6. ⑶ Yardeni maintains his long-term forecast of reaching 10,000 points by 2030, but cautions that rising inflation and slowing growth could put pressure on the stock market in the short term. ⑷ This adjustment reflects a shift in market sentiment from optimism to caution, limiting room for valuation expansion. ⑸ Going forward, attention will focus on the direction of bond yields and whether inflation data can alleviate growth concerns.
