Skip to content
PredictionVerifier

Ed Yardeni: S&P 500 at or above 5,800 on Dec 31, 2024

Ed Yardeni's prediction that S&P 500 would be at or above 5,800 on December 31, 2024 came true. The close on the deadline decided this call: S&P 500 closed at 5,882 on December 31, 2024, the deadline. Ed Yardeni made the call on CNBC on July 10, 2024, when S&P 500 was at 5,577. The target needed a 4% rise in six months.

Updated

What was said

Photo of Ed Yardeni
Ed Yardeni

President and Chief Investment Strategist, Yardeni Research

CNBC, Jul 10, 2024SourceArchive

9 predictions · 6 hit · 1 missed · 2 open

Photo: Soar Financially, CC BY 3.0

Ed Yardeni of Yardeni Research late Wednesday hiked his year-end target for the S & P 500 to 5,800 from 5,400.

Yardeni said in a note to clients that the market is in a "slow-motion meltup" and that investors seem to be embracing his view that solid growth can continue through the rest of the decade. He said the stock market seems to be discounting his Roaring 2020s scenario faster than expected. The article notes his long-running Roaring 2020s thesis cites potential productivity gains from technologies such as artificial intelligence.

How we checked this

HitDeadline

Price when said
5,577 closeprice data
Target
5,800+4%
Close on the deadline
5,882price data

The close of the last trading day on or before Dec 31, 2024 decides: the prediction comes true if that close is at or above 5,800. Prices are daily closes, not intraday highs.

How we check predictions

More from Ed Yardeni

Other S&P 500 predictions