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The Dow Jones closed above 40,000 for the first time ever, with predictions of a 50% rise to 60,000 by 2030. Wall Street strategists are optimistic about the S&P 500 hitting 6,000 this year and rising further. Morgan Stanley and Deutsche Bank have raised their S&P 500 year-end targets to 5,500, with market sentiment turning bullish on US stocks, including a significant increase in earnings projections. Notable bears like Morgan Stanley's Michael Wilson have shifted to a positive outlook, with targets for the S&P 500 being revised upwards.
Dr. Ed Yardeni: To Infinity ♾ $SPX should rise... to 8000. That target could be achieved with a forward P/E of 20 and forward earnings at $400 per share, up 60% from an estimated $250 per share this year. We think that's possible in our Roaring 2020s scenario. $SPY $QQQ $DIA https://t.co/gVIsE0EOfo
⚠️JUST IN: *MORGAN STANLEY THROWS IN THE TOWEL: S&P 500 $SPY PRICE TARGET RAISED BY 20% WHAT ARE YOUR THOUGHTS? https://t.co/EGPaGguErh
*MORGAN STANLEY’S MICHAEL WILSON TURNS BULLISH ON US STOCKS It’s over. We had a good run. @zerohedge https://t.co/Gcy6QnG1rV