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Ed Yardeni is president of Yardeni Analysis, in addition to a markets and economics knowledgeable with many years of expertise on Wall Avenue. He’s additionally the driving power behind yardeniquicktakes.com, a complete funding analysis and commentary web site. On this MoneyShow MoneyMasters Podcast interview, Ed explains why he’s so optimistic on the outlook for the inventory market – one thing that earned him the nickname “Wall Avenue’s Most Bullish Forecaster” in a latest article.
Ed believes we aren’t in a recession and we received’t be in a recession anytime quickly. He sees the Federal Reserve solely chopping rates of interest twice in 2024 – if that – however believes markets can deal with that simply nice. Ditto for the “resilient” financial system. One factor that has helped: The Fed has gotten higher at “Whac-a-Mole” within the wake of the Nice Monetary Disaster, intervening to maintain issues just like the early-2023 financial institution failures from spiraling uncontrolled and main to an enormous credit score crunch.
Ed goes on to share a really contrarian tackle business actual property…his three favourite sectors for the quarters forward…why this surroundings appears just like the mid-Nineties…and the one factor that DOES fear him most proper now. Lastly, he lays out a roadmap for why we must always see the S&P 500 hit 5,400 by yr finish, 6,000 a yr later, and 6,500 in 2026.
This content material was initially posted on the MoneyShow YouTube Channel
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