"The markets are showing little direction or conviction despite better-than-expected inflation data and a recent trade agreement between the U.S. and Beijing."
"Economists are revising their full-year 2025 S&P 500 targets upward, with Ed Yardeni raising his year-end target to 6,500 based on trade progress."
Markets currently exhibit a lack of direction, despite recent positive news on inflation and trade agreements. April's inflation rate dropped to 2.3%, lowest since 2021, while the Consumer Price Index rose marginally by 0.2%. Despite favorable conditions, stocks remain stagnant with mixed performance across major indices. Notably, Ed Yardeni has increased his S&P 500 year-end target to 6,500, indicating optimism based on easing recession fears and trade improvements. The market is complex, reflecting cautious behavior among investors despite potential growth.
Read at 24/7 Wall St.
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