2 Strategists Who Correctly Called Last Year's Bull Market Think the Rally Will Continue in 2025. Their S&P 500 Price Target May Shock You.

Heading into 2024, many strategists doubted the market's ability to keep moving higher after a strong 2023. Inflation was still high, and the Federal Reserve had not yet indicated it would cut interest rates. Estimates for the broader benchmark S&P 500 (SNPINDEX: ^GSPC) ranged from 4,200 to 5,400.Those turned out to be wrong, and the S&P 500 ended the year at 5,881 after topping 6,000 numerous times and making 57 all-time highs during the year. Most market strategists failed to predict the market's bull run in 2024, but two nailed it with their calls. These same strategists think the party can continue in 2025, and their price target for the S&P 500 may shock you.Ed Yardeni of Yardeni Research and Tom Lee of Fundstrat won with their calls in 2024. Yardeni entered 2024 with the high call on the Street of 5,400. Nobody knew the market would go as high as it did, but he accurately predicted the Fed would cut interest rates three to four times, and he hiked his S&P 500 full-year price target midway through the year to 5,800.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool