"Veteran market watcher predicts record high stocks by 2024, but warns of impending reality check"

Veteran market watcher Ed Yardeni predicts that the bull market, which began in October 2022, will continue through at least the end of next year, with the S&P 500 reaching a new record high between 4,800 and 5,400 over the next 18 months. Yardeni's price target implies a potential 6% to 20% jump in the S&P 500 by the end of 2024, based on strong fundamentals and earnings expectations. He believes any correction in the market will be mild and that the current surge in stocks is not a bear market trap. Yardeni also argues that the US is experiencing a rolling recession, with certain sectors contracting while others continue to expand, and predicts a "rolling recovery" as inflation fades and interest rates stabilize.