Recently, Ed Yardeni shared his outlook for the stock, bond, and gold markets in 2026, and analyzed the key drivers that may affect these asset classes in the coming year. Yardeni thinks we're in the “roaring 2020s.” Based on earnings per share expected to reach $350 in 2027, the S&P 500 is expected to rush to 7,700 points by the end of 2026 and eventually challenge the 10,000 mark by the end of this decade. At the same time, the long-term target for gold is also at 10,000 US dollars, and precious metals such as silver will also strengthen at the same time, driven by industrial demand. Yardeni said that the AI field has moved from monopoly to an “arms race”, and increased competition is narrowing the moat for tech giants. Market logic is undergoing a profound shift: the focus of investment will shift from producers of AI technology to users of AI technology, which has great potential to increase profit margins through AI.

Recently, Ed Yardeni shared his outlook for the stock, bond, and gold markets in 2026, and analyzed the key drivers that may affect these asset classes in the coming year. Yardeni thinks we're in the “roaring 2020s.” Based on earnings per share expected to reach $350 in 2027, the S&P 500 is expected to rush to 7,700 points by the end of 2026 and eventually challenge the 10,000 mark by the end of this decade. At the same time, the long-term target for gold is also at 10,000 US dollars, and precious metals such as silver will also strengthen at the same time, driven by industrial demand. Yardeni said that the AI field has moved from monopoly to an “arms race”, and increased competition is narrowing the moat for tech giants. Market logic is undergoing a profound shift: the focus of investment will shift from producers of AI technology to users of AI technology, which has great potential to increase profit margins through AI.