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Updating The Worry List
5 min read
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The S&P 500 hit yet another record high yesterday, led by fabulous earnings momentum (FEMO). That puts the index closer to our year-end target of 8,250 and 10,000 by the end of the decade. The economy has been growing without a recession since the Great Financial Crisis, except for the two-month lockdown recession in 2020. Our Roaring 2020s scenario is in its seventh year.
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Ed Yardeni