Ed Yardeni, a strategist at Yadni Research, stated that the current rebound in US stocks is driven by "strong earnings momentum" (FEMO) rather than speculative speculation. He believes that the forward P/E ratio of 20 to 22 times for the S&P 500 index is reasonable, and it is expected to reach 10000 points by 2030, with a growth rate of 33%. He also predicted that the target for the S&P 500 index in 2026 would be 8250 points, and stated that there had only been one significant sell-off in March this year, and it was unlikely to repeat a similar situation before the end of the year.
