S&P 500 At 10,000 By 2030? Yardeni Still Bets Big On The Roaring 2020s - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR S&P 500 (ARCA:SPY)

Economic Outlook - Ed Yardeni believes the 2020s could mirror the Roaring 1920s, driven by strong economic forces [1][3] - The U.S. economy and stock market have successfully passed extreme "stress tests," emerging stronger than before [2] Productivity and Technology - A productivity boom, similar to the technological advancements of the 1920s, is central to Yardeni's optimism, with digital and AI investments enhancing output and profit margins [3][4] - Technology now constitutes over 50% of capital spending, as companies invest to remain competitive [7] Consumer Wealth - Retiring baby boomers are entering retirement with an estimated $80 trillion in net worth, significantly impacting consumption patterns [5] - Despite uneven wealth distribution, consumer spending continues to rise, contributing to economic resilience [6] Market Projections - Yardeni projects the S&P 500 could reach 10,000 points by the end of the decade, supported by strong corporate earnings and economic resilience [9] - The current interest rate environment is viewed as more normal compared to the ultra-low rates of the past decade, challenging the notion that rising rates will hinder growth [7][8] Investment Strategy - The best investment advice according to Yardeni is to "stay long," emphasizing the importance of long-term investing over trading [9][10]