Yardeni, long regarded as Wall Street’s most bullish forecaster, says its S&P
500 target is 8,250 but has grown more cautious after the index cleared 7,600.
The firm cited Middle East tensions, oil-supply risks, possible Federal Reserve
tightening and a wave of upcoming IPOs as near‑term drivers of market
volatility. It remains optimistic on the medium term, citing strong earnings
momentum and AI‑driven economic growth as market supports.
