Markets

The GameStop buying frenzy was driven by ‘irrational exuberance’ — and investors should consider cashing out, market bull Ed Yardeni said

The GameStop buying frenzy signalled “speculative excess” in markets, Ed Yardeni said. The Yardeni Research president highlighted government stimulus as a key driver. Yardeni said the US economy could bounce back to pre-pandemic levels next quarter. Visit Business Insider’s homepage for more stories. The GameStop mania provided fresh evidence of […]
The GameStop buying frenzy was driven by ‘irrational exuberance’ — and investors should consider cashing out, market bull Ed Yardeni said
Markets

Economist Ed Yardeni explains why the Fed action is ‘most important’ factor for the stock market — even more so than the election — ahead of Powell’s speech Thursday

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 […]
Economist Ed Yardeni explains why the Fed action is ‘most important’ factor for the stock market — even more so than the election — ahead of Powell’s speech Thursday
Markets

Veteran strategist Ed Yardeni says US stocks are overvalued, and hints investors should ‘go global’ to find buying opportunities

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 […]
Veteran strategist Ed Yardeni says US stocks are overvalued, and hints investors should ‘go global’ to find buying opportunities