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With the stock market trading at record highs, the "Roaring 20s" thesis is alive and well. That's according to Ed Yardeni, who expects the Dow and S&P 500 to soar 50% by 2030. "That target could be achieved with a forward P/E of 20 and forward earnings at $400 per share," Yardeni said. AdvertisementWith stocks trading at record highs, the "Roaring 20's" bull thesis remains intact, according to market veteran Ed Yardeni. AdvertisementForward S&P 500 earnings per share hit $257.20 last week, and analysts currently estimate that S&P 500 EPS will rise to $278 in 2025 and $313 in 2026.
Persons: Ed Yardeni, Yardeni, , Eric Wallerstein, Wallerstein Organizations: Dow, Service, Dow Jones Industrial, CNBC, Yardeni Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe environment for the rally to continue is strong, says New York Life Investment's Lauren GoodwinYardeni's Eric Wallerstein and New York Life Investment's Lauren Goodwin join 'Closing Bell' to discuss earnings, Nvidia, and the outlook for the market rally.
Persons: Investment's Lauren Goodwin Yardeni's Eric Wallerstein, Investment's Lauren Goodwin Organizations: York, Nvidia
A resilient U.S. economy and cooling inflation fueled an intense year-end bond rally. Now, some suspect investors are too sanguine about the months ahead. The rally marked the latest in a series of swings that sent the yield on the 10-year U.S. Treasury, which falls when bond prices rise, leaping and diving throughout the past 12 months. Fears of a prolonged stretch of higher interest rates repeatedly drove the yield to decade-plus highs, only for stress on the banking system and a Federal Reserve pivot to drag it down again.
Organizations: . Treasury
Tech Stocks Sink Ahead of Nvidia Earnings
  + stars: | 2023-11-22 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Best Buy shares fell after the retailer said consumers are hunting for deals and demand has been hard to predict. Photo: Richard B. Levine/Zuma PressArtificial intelligence powered the stock market for much of the year. Now it is testing U.S. stocks’ November rally. The S&P 500 slipped 0.2%. The Dow industrials fell 0.2%, or 63 points.
Persons: Richard B, Levine, Dow industrials Organizations: Nasdaq
The recent hack of a Chinese banking giant reignited Wall Street’s long-running fears of disruptions to the short-term cash markets underpinning the global financial system. Traders swiftly contained the cyberattack on the Industrial and Commercial Bank of China . But some said the incident exposed cracks in the multitrillion-dollar market for repurchase agreements, known as repo, where banks and hedge funds borrow cash mainly using Treasurys as collateral.
Organizations: Traders, Industrial, Commercial Bank of China
ICBC had $5.7 trillion of assets at the end of last year, making it the largest bank in the world. Photo: Cfoto/Zuma PressThere is a new reason to worry about the hardiness of the market for U.S. government debt: hackers. Cybercriminals held hostage this week a New York unit of the world’s largest bank, Industrial and Commercial Bank of China , disrupting trading in U.S. Treasurys. The impact was relatively minor, market participants said, but the fear wasn’t.
Persons: ICBC, Cybercriminals Organizations: Zuma, U.S, Industrial, Commercial Bank of China Locations: York
Cash has rarely been this hot on Wall Street. Financial advisers warn holding too much can burn a hole in your portfolio. With markets rocky and cash earning 5% or more, investors have boosted their holdings of money-market funds to a near-record $5.6 trillion, according to the Investment Company Institute. Both individuals and institutional investors are piling in—asset managers now have roughly one-fifth of their portfolios in money-market funds, State Street data show.
Persons: Cash Organizations: Investment Company Institute
Five Investors on Investing in the 5% World
  + stars: | 2023-10-20 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
Why invest in U.S. stocks when the safest investment in the world—U. S. government debt—pays the most it has since 2007? That is the new question facing investors now that the yield on the 10-year Treasury note is approaching 5%. Rock-bottom interest rates and record money-printing from the Federal Reserve shifted the picture of what successful investing looked like since the 2008 financial crisis. Roughly 15 years of nearly free cash spurred a tech boom, exponential gains by venture capitalists, and an investing mania tied to digital tokens and stocks on the brink of bankruptcy.
Persons: Organizations: Federal Reserve
Over their 50 years of marriage, Dave and Kathy Lindenstruth adopted a time-honored Wall Street strategy to safeguard and grow their retirement nest egg: a mix of 60% U.S. stocks and 40% bonds known as the 60-40 portfolio. Now, it is failing them. “There have been some days more recently where I’ve looked at my portfolio and gone ‘oh, crap,’” Dave Lindenstruth said.
Persons: Dave, Kathy Lindenstruth, Wall, I’ve, Dave Lindenstruth
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/government-spending-hurting-bond-portfolio-8a063f39
Persons: Dow Jones
Rising Loan Costs Are Hurting Riskier Companies
  + stars: | 2023-09-27 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/rising-loan-costs-are-hurting-riskier-companies-3e65f818
Persons: Dow Jones
Why Are Tech Stocks Down? Bond Yields Are Up
  + stars: | 2023-09-25 | by ( Sam Goldfarb | Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/why-are-tech-stocks-down-bond-yields-are-up-6c5d65a2
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-09-19-2023-c850716d
Persons: Dow Jones Organizations: dow
Stocks Climb, Shrugging Off Inflation
  + stars: | 2023-09-15 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-09-14-2023-6b752624
Persons: Dow Jones Organizations: dow
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/hedge-funds-big-bet-against-treasurys-isnt-what-you-think-faba38c5
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-10-09-2023-60aacfcd
Persons: Dow Jones Organizations: dow
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/hurricanes-and-high-yields-come-together-on-wall-street-c7d1cff9
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/currencies/feds-inflation-fight-chinas-slowdown-hammer-emerging-markets-11515dc3
Persons: Dow Jones
Stocks Sink Despite Nvidia’s Blowout Earnings
  + stars: | 2023-08-25 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-08-24-2023-2395e6d3
Persons: Dow Jones Organizations: dow
What Are Real Yields, and Why Do They Matter?
  + stars: | 2023-08-22 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/what-are-real-yields-stocks-treasury-bonds-13a419c2
Persons: Dow Jones
Big Treasury Rout Lures Fresh Buyers
  + stars: | 2023-08-20 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/investing/big-treasury-rout-lures-fresh-buyers-4fa7dfeb
Persons: Dow Jones
AI Mania Triggers Dot-Com Bubble Flashbacks
  + stars: | 2023-08-11 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/ai-mania-triggers-dot-com-bubble-flashbacks-7848d402
Persons: Dow Jones
S&P 500, Nasdaq Extend Win Streaks
  + stars: | 2023-08-11 | by ( Eric Wallerstein | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/global-stocks-markets-dow-news-11-08-2023-bf353d80
Persons: Dow Jones Organizations: dow
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/everyday-investors-are-thriving-in-a-world-awash-in-yield-2a715361
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/tech-stocks-meme-stocks-crypto-investors-are-feeling-bold-again-f158812b
Persons: Dow Jones, f158812b
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