The David Lin Report Economist Called Bull Rally, Now Says S&P 500 To 10,000, Here's When | Ed Yardeni
Sep 23, 2025
Ed Yardeni, an esteemed economist and president of Yardeni Research, shares his bold forecast of the S&P 500 reaching 10,000 by 2029, driven by baby boomer spending and robust productivity. He dissects the impact of Fed policy on the economy, raising questions about political influences on rate cuts. Yardeni discusses the balancing act between inflation and economic growth, recommending gold and inflation-protected bonds as hedges. He also identifies sectors like financials and tech that could thrive if rates drop, offering keen insights into market resilience.
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S&P 500 To 10,000 By 2029
- Ed Yardeni forecasts the S&P 500 reaching 10,000 by end of 2029, raising his prior bullish targets.
- He credits baby boomer wealth spending and strong productivity for sustaining growth and corporate profits.
Productivity Is Driving Resilience
- Yardeni argues a productivity comeback is powering GDP, wages, and profit margins despite tariff turmoil.
- He sees productivity as the key explanation for resilient growth and strong corporate profits.
Labor Cooling, But GDP Still Strong
- Yardeni acknowledges labor market cooling and large downward payroll revisions but sees overall GDP strength.
- He argues productivity growth offsets slower labor supply, sustaining economic expansion.