Market will 'continue to churn' until the election: Ed Yardeni

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Ed Yardeni Nouvelles

Yardeni Research,Volatility

The markets (^DJI,^GSPC, ^IXIC) experienced volatility this week as the S&P 500 (^GSPC) is seeing its fourth straight weekly loss. Yardeni Research President...

) is seeing its fourth straight weekly loss. Yardeni Research President Ed Yardeni joins Yahoo Finance to discuss the market's volatility.

Um, a as uh people become more confident that um the economy is resilient and it might do well, no matter who's in the White House, Ed a turn lower, even if we do see a, a 25 or 50 basis point rate cut, which would initiate the beginning of the cutting cycle. And I guess my question is when you take a look at the market's reaction, especially to jobless claims yesterday.And this all comes while the market is still pricing in larger than usual rate cuts here for September and for the remainder of the year, it doesn't seem like both of those positions can be correct.It's, it's either, or either the economy is weak and the fed is going to have to deliver more rate cuts.

So, uh, I'm thinking that, uh, you know, in terms of we, we have two choices here, either the economy is better than expected and we get only 25 basis points.So I, I picked door door number one. Uh And we could also see some broadening into the uh SMD gaps, the smaller midcap stocks and how volatile do you think the market's action is likely going to be just judging off of what we saw yesterday when we look ahead to the CP I print that's coming in and looking even further ahead to that next jobs, print all coming before the next fed meeting.Given a lot of that was from the bounce back from Monday.

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