Expert Predicts S&P 500 Recovery: Year-End Target Set at 7,700

Ed Yardeni has expressed optimism regarding the recent equity market trends, suggesting that the recent pullback has likely concluded. According to NS3.AI, Yardeni maintains his forecast that the S&P 500 will reach 7,700 by the end of the year. He noted that the index experienced a 9% decline, but easing fears of a prolonged Middle East conflict have alleviated concerns about potential disruptions in oil supply.