Stock markets had an early “Santa Claus rally” in November, but veteran bull Ed Yardeni believes there’s more to come next year. “November was one of the best months ever for the market,” the Yardeni Research boss told CNBC. “It broadened quite dramatically the small-cap and mid-cap stocks. It was […]
The stock market’s recent downtrend is largely played out and the S&P 500 will still rebound before the end of 2020, according to market strategist Ed Yardeni. Major indexes posted their worst week since March to close October, as rising COVID-19 cases slammed investor sentiment. The slide is merely a […]
Strategist Ed Yardeni thinks the US has enough fiscal and monetary stimulus, and doesn’t need more for a speedy economic recovery. He told CNBC”s “Street Signs Asia” Wednesday: “We have got an economy which is still getting a tremendous boost from fiscal and monetary policy.” He cited the rise in […]
Economist Ed Yardeni told CNBC that the stock market’s recent pullback is healthy and the market needed time for earnings to catch up to prices. The president of Yardeni Research said that the economy is “doing really well” and experiencing a V-shaped recovery. He said he is looking for the […]
Ed Yardeni told CNBC on Monday that Fed chair Jerome Powell’s speech on Thursday will be “very important.” The economist expects continued dovish remarks from the Fed, and said the central bank will target average inflation but won’t mind if it runs above 2%. Yardeni said that Fed action is […]
The stock market is “discounting lots of good news through the end of next year” and will rally into 2022, strategist Ed Yardeni said in a Wednesday note. The longtime bull raised his S&P 500 targets to 3,500 for this year and 3,800 for 2021. Stocks remain in the same […]
Stock valuations are soaring ahead of profit expectations, and investors should “come to their senses” and let prices cool, Ed Yardeni, president of Yardeni Research, said in a Monday note. The S&P 500’s forward price-earnings ratio climbed to 22 on Friday, landing about 3 percentage points above the cyclical peak […]
Longtime market bull Ed Yardeni sees escalating US-China tensions and rising coronavirus cases placing significant pressure on the stock market’s steady rise. Equity prices could slide 20% to 30% if the growing risks catch up with investors’ hopes for a smooth economic recovery, Yardeni said on CNBC. The strategist’s comments […]
Veteran strategist Ed Yardeni, who is usually known for his bullish predictions, thinks US stocks are overvalued right now, citing rising tensions with China, and spiking coronavirus cases. He told CNBC: “We’ve had a melt-up and that’s very visible in valuation multiples. Stocks are not cheap.” “Valuation is certainly a […]
The Federal Reserve’s bond purchases are pushing risk-on attitudes to dangerous levels, Ed Yardeni, president of Yardeni Research, said in a Monday note. The stock market’s rally following the Fed’s March 23 policy announcement is the fastest since 1933. This “Mother of All Meltups” can quickly give way to an […]
May’s jobs report strengthens the argument for a V-shaped economic upswing through the end of 2020, market bull Ed Yardeni said Friday. The report showed the unemployment rate sliding to 13.3% from 14.7% last month, shocking economists who largely expected a spike to roughly 20%. The market served as a […]
Amid “just horrible” economic data, the Federal Reserve’s latest bout of quantitative easing is setting up a strong backstop for the stock market, long-time bull Ed Yardeni told CNBC’s “Trading Nation” on Friday. Yardeni Research sees the S&P 500 remaining near 2,900 by the end of the year before rocketing […]
The S&P 500 surged through the end of 2019 and is set to close out the year at a two-decade high, but traditional market bull Ed Yardeni thinks the market may need to cool in 2020 before reaching new peaks. Stocks are gaining “faster than I would have expected,” the […]
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After an incredible 5-year bull market run...
That’s quite a worry list that piled up last week. It’s remarkable that the S&P 500 didn’t fall more than 2.1% last week. And so far, it is down just 4.6% from its May 21 record high. This decline is attributable to the drop in the S&P 500’s forward P/E […]
And they're not rotating into stocks.