Valuations continue to climb. How is Wall Street viewing it?

Mon, Nov 11, 2024, 3:56 PM

Valuations continue to climb in late 2024, pushing market indexes and strategist forecasts higher. Yardeni Research president Ed Yardeni told Yahoo Finance earlier today that earnings may grow "faster for longer without a recession"; his firm has raised its S&P 500 (^GSPC) year-end target for 2025 to 7,000 and believes it could go as high as 10,000 by the decade's end.

Yahoo Finance anchor Julie Hyman joins Asking for a Trend to weigh in on what's driving valuations.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Luke Carberry Mogan.