Bloomberg Television · Ed Yardeni Boosts S&P Target Amid ‘Unprecedented’ Earnings Expectations

1. 1. Ed Yardeni: unprecedented earnings expectations forecast S&P 500 up 24% this year.
2. 2. Baby boomers spending $89 trillion net worth drives consumer resilience, supporting younger generations.
3. 3. Current inflation spikes, unlike 2021-2022, are not fueled by a wage-price spiral.
4. 4. Treasury and Fed interventions can cap bond yields, preventing uncontrolled rises above 5%.
5. 5. Hedge funds' Japanese carry trade boosts demand for US bonds, ensuring market stability.