Wall Street’s Biggest Bull Cuts His S&P 500 Target: The Problem Isn’t Corporate Profits
Yardeni cut his S&P 500 target without lowering earnings estimates. The Fed’s rate hike shows why strong growth can complicate stock valuations.
A famous stock expert lowered his price target for the overall market. He did this not because companies will earn less money, but because interest rates going up make stocks less attractive right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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