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Hooray! The S&P 500 closed slightly above our yearend target of 5400 today (chart). The same thing happened to us last year: We were forecasting 4600 by the end of 2024 and got there by mid-year. The index closed around 4800 at the end of last year. So what do we do now? We’ll talk and write more about our 2025 and 2026 targets of 6000 and 6500, on the way to 8000 by the end of the Roaring 2020s decade. Bottomline: It's still a bull market.
Let's review the bullish inflation news:
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