Ed Yardeni

Home For the Holidays

Nov 27, 2024 3 min read

This is the time of the year when we all count our blessings. The Yardeni Research team thanks you for your interest in our research. We wish you a great Thanksgiving tomorrow with your family and friends at your home or theirs. Since 2010, we've been recommending a Stay Home investment strategy, i.e., overweighting the US in global equity portfolios, rather than a Go Global strategy. So

Ed Yardeni
Eric Wallerstein

Dr Ed's Video Webcast 11/27/24

Nov 27, 2024 1 min read paid

With economic growth robust and the stock market at a record high, we’re living the Roaring 2020s now. The economy’s resilience has been remarkable considering the headwinds it has faced. While the outlook under Trump 2.0 involves lots of moving parts, we don’t see the net effects of his policies jeopardizing the Roaring 2020s’ continuation. In this scenario (with our 55% subjective probability), Trump 2.0

Ed Yardeni
Eric Wallerstein
Jackie Doherty

Stocks Still OK With Tariff Man

Nov 26, 2024 3 min read paid

Last night, President Trump posted on social media that he will slap a 25% tariff on all products coming from Mexico and Canada his first day in office. The tariff will remain in effect until fentanyl, other drugs, and illegal immigrants stop pouring over the northern and southern borders, he said. Similarly, Trump said China will face an additional 10% above any existing tariffs until it stems the flow of

Ed Yardeni
Eric Wallerstein

In Bessent We Trust

Nov 25, 2024 3 min read paid

The Bond Vigilantes like Scott Bessent, who was nominated to be US Treasury Secretary by Donald Trump yesterday. Their vote of confidence was reflected in the 10-year US Treasury bond yield, which fell to 4.28% from 4.42% at the end of last week. We like him too. We are looking forward to having him in the Trump administration working hard to make our Roaring 2020s scenario great. Earlier

Ed Yardeni
Eric Wallerstein

MARKET CALL: Bitcoin Going To The Moon, To Mars, To Infinity & Beyond!

Nov 25, 2024 3 min read

We are increasingly asked about the outlook for Bitcoin. We don't have a clue because it doesn't provide investors with any way to value it. We know that the supply of the cryptocurrency is limited, which is why the supply of alternative cryptocurrencies seems to be expanding as fast as the price of Bitcoin is soaring. However, the increased supply of alternatives doesn't seem

Ed Yardeni
Eric Wallerstein

The Economic Week Ahead: November 25-29

Nov 24, 2024 3 min read paid

The week ahead is jampacked with economic indicator releases, all in the first three days before the Thanksgiving holiday. They are likely to confirm that we have much to be thankful for this year. The US economy and stock market are doing well. The most widely anticipated recession of all time has been a no-show for a third year. The S&P 500 is up 25.9% ytd and

Ed Yardeni
Eric Wallerstein

DEEP DIVE: The Kennedy Cure For What Ails Healthcare

Nov 22, 2024 5 min read paid

President-elect Donald Trump nominated Robert Kennedy Jr., known for challenging the safety of vaccines, to head Health and Human Services (HHS), a huge organization that encompasses an alphabet soup of agencies including the Food and Drug Administration (FDA), the National Institutes of Health (NIH), the Centers for Disease Control and Prevention (CDC), Medicare and Medicaid, and the Office of the Surgeon General. Trump reportedly has asked Kennedy—whose presidential campaign

Jackie Doherty
Ed Yardeni

Stock Market Rally Broadening As Economy Chugs Along

Nov 21, 2024 3 min read

Fed officials may be cutting rates because they are worrying about the ominous "long and variable lags" of their monetary policy tightening from March 2022 through August 2024. But there are still no signs that those lags exist as the economy continues to chug along. It's true that the Index of Leading Economic Indicators (LEI) fell yet again during October, but it has been a misleading

Ed Yardeni
Eric Wallerstein

To Infinity & Beyond: Artificial Intelligence, Semiconductors & Nvidia

Nov 20, 2024 3 min read paid

In recent decades, the Digital Revolution has eclipsed the Industrial Revolution. Today, AI is a technology that has evolved from this relatively new revolution. AI simply represents another leap forward in data processing. During the 1950s through the 1970s, IBM mainframe computers processed data. The baton was passed to minicomputers sold by Digital Equipment in the 1970s. During the 1990s, desktop PCs manufactured by Compaq and Dell proliferated. Amazon Web

Ed Yardeni
Eric Wallerstein

Dr Ed's Video Webcast 11/20/24

Nov 20, 2024 1 min read paid

The US Constitution was designed to promote gridlock. But the benefits of gridlock are undermined by lawmakers’ spending freely because the Constitution lacks a balanced budget requirement. … Gridlock is good for investing, but the stock market tends to do well no matter who is in the White House. Trump’s proposals—representing a radical change from Biden’s policies—are likely to materialize because he won a clean sweep. Today,

Ed Yardeni
Eric Wallerstein

An Earnings-Led Meltup For Stocks?

Nov 19, 2024 3 min read paid

We are often asked if the current bull market in stocks has turned into a meltup that could soon be followed by a meltdown. That's a risk we currently give a 25% subjective probability. Relatively high stock valuations are the main worry for many investors (chart). However, our bullish outlook for strong productivity-led economic growth means that earnings rather than valuations can lead the market higher. Coupled with

Ed Yardeni
Eric Wallerstein

Small, Medium, and Large Cap Stocks

Nov 18, 2024 2 min read paid

The rally in the S&P 1500 has certainly broadened in recent weeks as the Fed started to cut the federal funds rate (FFR) by 50bps on September 18 and again on November 7 by 25bps. The S&P 400 MidCaps and S&P 600 SmallCaps have been rising in record high territory in recent weeks along with the S&P 500 which has been rising

Ed Yardeni
Eric Wallerstein

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