The record stock market rally will get a boost from key economic data and earnings results, Ed Yardeni said.
Yardeni highlighted strong company earnings and profit margins supporting the market in a way it didn't in 2000.
AdvertisementThe stock market rally is set to continue this week as investors digest two key pieces of economic data and an onslaught of second-quarter earnings results.
"We've acknowledged that the current stock market rally is reminiscent of the valuation-led market meltup of the 1990s.
"We're expecting S&P 500 earnings per share of $250, $270, and $300 in 2024, 2025, and 2026, respectively.
Persons:
Ed Yardeni, —, We've, we've, Yardeni, We're
Organizations:
Service, Yardeni Research, PCE, Federal Reserve