Donald Trump's elections victory to bring back the 'Roaring 20s'; S&P 500 to go up by 66% in the next 6 years, says this market veteran

It has been just a week since it became official that Donald Trump is going to be the next US President after Joe Biden, after the massive victory by the Trump-Vance duo in the US elections 2024. Within this short span of time, good news is simply pouring in from all across, with claims from top market experts that the new Trump administration may bring a bright future for the US stock markets, for more than a few years ahead.

Market expert predicts S&P 500 to touch record figure in coming years

Market vet Ed Yardeni, S&P 500 could rise by a whopping 66% within the next six years, which is a massive figure, if all other market factors are considered, including the routine 'September dip' every year. Yardeni is of the opinion that the market's euphoria will continue to rise amid favorable economic policies. Moreover, there are lesser chances of a geopolitical conflict under Donald Trump, as he is more of a 'settle things' kind of President rather than the 'go to war' version.

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Yardeni echoes 'Roaring 20's' scenario

Yardeni, looking at these factors, upped his S&P 500 forecast, and is claiming that it may hit 10,000 by the end of the decade, which is a massive jump from the current levels of this major backbone of the US stock market. His forecasts are also consistent with their claimed 'Roaring 2020s' scenario, which is more like a blooming period for the stock markets, and all of it could become a reality under Trump's second Presidential term's economic policies.

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FAQs:

Has Donald Trump secured victory in the US elections 2024?
Donald Trump has secured a massive win in the US Presidential elections 2024 against Kamala Harris in the polls held on November 5 this year.

Is the stock market on the rise?
The US stock market is currently in a good spot right now, with the market analytics claiming a blooming period ahead in Trump's Presidency.