The Zhitong Finance App learned that Ed Yardeni (Ed Yardeni), one of the biggest bulls on Wall Street, has drastically lowered the S&P 500 target at the end of the year after raising expectations for just one month, because the downside risk of the economy will rise in the next three to six months. The president and chief investment strategist of Yardeni Research Inc. lowered S&P's target for the end of the year 500 from 8,400 points to 7,900 points, while 8,400 points was still Wall Street's highest estimate as of last month. The new target means there is 4.1% room to rise from the index's closing level on Tuesday, while also being in the middle of the market survey's more than 20 strategists.

The Zhitong Finance App learned that Ed Yardeni (Ed Yardeni), one of the biggest bulls on Wall Street, has drastically lowered the S&P 500 target at the end of the year after raising expectations for just one month, because the downside risk of the economy will rise in the next three to six months. The president and chief investment strategist of Yardeni Research Inc. lowered S&P's target for the end of the year 500 from 8,400 points to 7,900 points, while 8,400 points was still Wall Street's highest estimate as of last month. The new target means there is 4.1% room to rise from the index's closing level on Tuesday, while also being in the middle of the market survey's more than 20 strategists.