Wall Street Bull Yardeni Cuts S&P 500 Target to 7,900: Here's Why

Ed Yardeni, once among Wall Street's most bullish strategists, has sharply cut his year-end S&P 500 target from 8,400 to 7,900. The move reflects heightened economic risks and rising bond yields, prompting a lower earnings multiple in his valuation model. This marks a significant near-term shift in his outlook.

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GMX Unveils $10 Million Market-Making Fund Proposal, Coupled with GT Buyback and Staker Airdrop

On-chain trading platform GMX has proposed allocating $10 million from its treasury to establish a market-making fund for its native token. The fund will strategically manage GMX's market value and liquidity based on key metrics. Additionally, GMX announced a GT token buyback and an airdrop for GMX stakers, with future plans including cross-collateral models and permissionless markets.

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