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The stock market's steady rally is forcing even bullish market forecasters to play catch-up and raise their targets. Ed Yardeni of Yardeni Research late Wednesday hiked his year-end target for the S & P 500 to 5,800 from 5,400. This week's report repeated Yardeni's forecast that the S & P 500 can reach 8,000 by the end of the decade. According to the CNBC Market Strategist Survey , the average year-end target from major banks is 5,464, with a median forecast of 5,600. The S & P 500 is higher by 18% year to date, and nearly 28% over the past 12 months.
Persons: Ed Yardeni, We've, Yardeni, CJ Lawrence, EF Hutton Organizations: Yardeni Research, CNBC Market, Survey, yearend, Nvidia, Prudential Equity Group, Deutsche Bank's, Prudential, Bache Securities, EF
The stock market will continue to hit record highs driven by reasonable valuations and continued earnings growth, according to Ed Yardeni. AdvertisementThe record rally in the stock market isn't close to being over, according to market veteran Ed Yardeni. Forward earnings expectations riseAnalysts' forward earnings expectations hit a record high last week, illustrating that the market rally is supported by what matters the most: profits. Market breadth will improveWhile the stock market rally has been driven mostly by a concentrated handful of companies, improving earnings breadth should lead to improving market breadth, according to Yardeni. There's a lot of companies that are benefiting from AI," Yardeni said.
Persons: Ed Yardeni, , Yardeni, Corning, let's Organizations: Service, CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't see the weakness requiring the Fed to cut, says Yardeni's Eric WallersteinEric Wallerstein, Yardeni Research chief markets strategist, joins 'Closing Bell' to discuss the likelihood of the market rally continuing into the second half of the year.
Persons: Yardeni's Eric Wallerstein Eric Wallerstein Organizations: 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
There's a growing risk of a stock market melt-up, according to market veteran Ed Yardeni. Yardeni said the return of the "Fed Put" means stocks could soar on the anticipation and realization of interest rate cuts. But stock market melt-ups are rarely sustainable and are often followed by a painful decline. With it comes increased risk of a stock market meltup," Yardeni said. For investors, the question is whether or not a potential stock market melt-up and subsequent decline will happen at prices a lot higher or lower from current levels.
Persons: Ed Yardeni, Yardeni, , Jerome Powell, Yardeni's Organizations: Service, Federal, Wall Street
Ed Yardeni: Inflation will continue to moderate
  + stars: | 2024-02-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEd Yardeni: Inflation will continue to moderateEd Yardeni, president of Yardeni Research, joins 'Squawk on the Street' to discuss whether Yardeni's thesis changed after Tuesday's CPI print, if the CPI data could interrupt the downward inflation trend, and more.
Persons: Ed Yardeni Organizations: Yardeni, CPI
The US economy may be about to relive the "roaring '20s," according to Ed Yardeni. "We're in the early stages of a productivity growth boom," the veteran strategist told Bloomberg. His comments come with the economy expanding at a stronger-than-expected pace and the S&P 500 trading at an all-time high. AdvertisementVeteran market strategist Ed Yardeni thinks the US economy might be about to relive the "roaring '20s". I think we've got a technology revolution that started in the 1990s… every company is a technology company.
Persons: Ed Yardeni, Bloomberg, , Merryn, he's, We've, we've Organizations: Service, Yardeni, Bloomberg, UBS Locations: Swiss
In Yardeni's estimation, the bear market ended in October 2022, and the stock market has been in a bull market since, calling the August-through-October weakness simply a correction. Yardeni is credited with coining the term " bond vigilantes " in the 1980s. US10Y 1M mountain The 10-year Treasury yield has retreated from its late-October highs. "We are expecting that both the bond yield and the oil price will stabilize around current levels. During the latest stock market correction, the Bond Vigilantes saddled up and were riding high.
Persons: Ed Yardeni, Yardeni, Santa Claus Organizations: Yardeni, Treasury, Bond Vigilantes Locations: Santa
A recent string of Treasury auctions has suffered from weak investor demand. But Ed Yardeni thinks yields are already at the right levels to start bringing back demand. AdvertisementAdvertisementA string of recent Treasury bond auctions saw a major slump in investor demand, and that could be a harbinger of a trend that sends yields higher, strategists said. But market veteran Ed Yardeni told Insider that bond yields could already be at the right levels to bring back demand. AdvertisementAdvertisementHe also noted that while the recent auctions didn't go well, bond yields didn't shoot to new highs.
Persons: Ed Yardeni, , Bill Ackman, Larry Fink, Bill Gross, Yardeni, Penn Wharton Organizations: Securities, Service, Treasury Department, TD Securities, Treasury
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is the number one issue for me, says Yardeni Research presidentEd Yardeni, Yardeni Research president, joins 'Squawk on the Street' to discuss what Yardeni's worried about in the economy, whether the U.S. government should be worried about bond vigilantes, and the best-case scenario for the economy.
Persons: Ed Yardeni Organizations: Yardeni Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're overall looking at a disinflationary train, says Yardeni Research presidentEd Yardeni, Yardeni Research president, joins 'Squawk on the Street' to discuss Yardeni's disinflation outlook, the odds of a rate cut next year, and more.
Persons: Ed Yardeni Organizations: Yardeni Research
Market veteran Ed Yardeni believes we are already in a new bull market and the S & P 500 could potentially climb nearly 20% in the next 18 months in the cycle. His target range represents a gain of between 6.5% and 19.9% from the S & P 500's Friday close of 4,505.42. "I've been thinking for quite some time that we're in a recession, but I argued that it's a rolling recession, not an economy-wide recession. .SPX 1Y mountain S & P 500 Yardeni praised the U.S. central bank for bringing down inflation effectively. The S & P 500 has jumped more than 17% this year after scoring its best first half since 2019.
Persons: Ed Yardeni, Yardeni, meltdowns Organizations: Yardeni Research, Federal Reserve, Street, Deutsche Bank, Wall Street, CNBC Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUS economy's 'rolling recession' turning into 'rolling expansion,' says Ed YardeniEd Yardeni, Yardeni Research president, joins 'Squawk on the Street' to discuss Yardeni's evolving views on the economy over the last few months, the current bull to bear ratio and its implications, and the possibility of a rolling expansion with weak credit markets.
Persons: Ed Yardeni Ed Yardeni Organizations: Yardeni Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Ed Yardeni on markets, the economy and 'rolling' economic expansionEd Yardeni, Yardeni Research president, joins 'Squawk on the Street' to discuss Yardeni's evolving views on the economy over the last few months, the current bull to bear ratio and its implications, and the possibility of a rolling expansion with weak credit markets.
Persons: Ed Yardeni Organizations: Yardeni Research
Stocks could face a meltdown as the bubble in firms riding the AI excitement pops, Ed Yardeni said. The current bull market in stocks is unusual, as they typically begin when valuations for firms are low, he said. But if stocks rise too quickly, it could spell trouble for the market as the bubble in overvalued names pops. That ratio is now around 18, largely due to the success of the eight mega-cap firms. High rates also risk tipping the economy into recession, experts warn, which is also likely to weigh on stocks.
Persons: Ed Yardeni, meltdowns, , Yardeni Organizations: Service, Fox Business, Yardeni, Nvidia, Microsoft, & $
Fed Chair Powell's testimony: What it means for the market
  + stars: | 2023-03-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Powell's testimony: What it means for the marketEd Yardeni, Yardeni Research president, and Julia Coronado, founder of MacroPolicy perspectives, join 'Squawk Box' to discuss how much weight Powell's comments carry, Yardeni's expectations for the markets in March, and more.
Ed Yardeni thinks the economy can avoid a recession in 2023 as the consumer remains on solid footing. "It would be very unusual to have a recession when the labor market is this tight," Yardeni said. In addition to a hot labor market, Yardeni highlighted that credit markets are holding up very well even in the face of higher interest rates. And that type of labor and credit market strength isn't usually seen right before a recession. "It would be very unusual to have a recession when the labor market is this tight.
Today features my conversation with top strategist and economist, Ed Yardeni, on his recession outlook and what he sees as the US economy's biggest risks for 2023. Ed Yardeni, President of Yardeni Research Ed YardeniEd Yardeni is the president of Yardeni Research. Ed Yardeni: For the past year or so, the main issue for the US economy is inflation. EY: They can either continue to tighten until they cause a recession, but that's not my most likely scenario. I think either rates are going to go higher, causing a recession, which would bring interest rates down next year.
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