Markets currently exhibit a lack of direction, despite recent positive news on inflation and trade agreements. April's inflation rate dropped to 2.3%, lowest since 2021, while the Consumer Price Index rose marginally by 0.2%. Despite favorable conditions, stocks remain stagnant with mixed performance across major indices. Notably, Ed Yardeni has increased his S&P 500 year-end target to 6,500, indicating optimism based on easing recession fears and trade improvements. The market is complex, reflecting cautious behavior among investors despite potential growth.
The markets are showing little direction or conviction despite better-than-expected inflation data and a recent trade agreement between the U.S. and Beijing.
Economists are revising their full-year 2025 S&P 500 targets upward, with Ed Yardeni raising his year-end target to 6,500 based on trade progress.
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