With the S&P 500 about one percent from its all-time highs, Wall Street bull Edward Yardeni is predicts a record breakout is coming.will soar 17% from current levels." on Friday. "We'll get there on higher earnings with maybe somewhat higher valuation as the perception continues to be that interest rates aren't going up much, if at all."
He gives the drone attack on Saudi Arabia's infrastructure last weekend as an example of what could have been easily viewed as a strong catalyst for a deep sell-off. Yardeni, who spent decades on the Street running investment strategy for firms that include Prudential and Deutsche Bank, builds his bullish case on the notion that Washington and Beijing agree to a trade war deal, a strong U.S. jobs market that'll keep consumers spending and a global economy on the mend due to easy central bank policies.
TradingNation I don’t see financials outperforming. While bank funding costs are very low, rates of return on bank assets is keeps falling, and older loans at higher rates are replaced with newer loans at lower rates.
TradingNation Heck, he already knows the size of the high and the time, that's a real wizard market or will be a joke? 😂😂😂
TradingNation I predict they won’t!
TradingNation If things are that good, why do we cut the rate? Guess we need three more shots after we got drunk to make the experience even more exciting.
TradingNation Ed Yardeni is one of smartest analysts on such things.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roku plunges 17% — here's why it's one of the most volatile stocks in techThree times in the past nine trading days, Roku has dropped more than 10% for reasons having nothing to do with what’s happening inside the company. keep selling permabulls Price target $80-$185? Haaaa “wAll sTrEet AnALYstS” = “flim-flam men”. is this the editorial arm
Source: CNBC - 🏆 12. / 72 Read more »
As stocks struggle to break to new highs, markets could be swayed by Fed speakers, tradeDevelopments in U.S.-Chinese trade talks and the comments from a host of Fed speakers could be important for markets in the week ahead, as stocks struggle to regain highs.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks slide as China cancels US farmer visitThe S&P 500 index, Nasdaq composite, and Dow Jones industrial average all fell during US trading on Friday. You mean, the visit that Trump indicated would result in China buying tons of stuff from US farmers?🤔 trade tariffs
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fresh US-China trade worries erase early gains for stocksStocks veered lower on Wall Street in afternoon trading Friday after reports that a Chinese delegation has cut short a visit to the U.S. fueled speculation that upcoming trade talks between Washington and Beijing are in trouble Now they are dictating our markets The chinese don't have an election to worry about. Tariffs are killing Christmas for some.
Source: ABC - 🏆 471. / 51 Read more »
Fresh U.S.-China trade worries push stocks downWall Street closed out a volatile week with losses Friday as investors worried that upcoming trade talks aimed at resolving the U.S.-China trade war could be in trouble. Look on the building thinkers... Do you think they are essential to a society? TheWarMonitor There should not be any worry. Every country has rights to protect their interests. US is right to raise the tariff on cheap Chinese products, which was giving them an advantage. It's high time to opt for local for everyone. If not for economy sake, then for the environment.
Source: latimes - 🏆 11. / 82 Read more »
S&P 500 loses steam after flirting with record territory as stocks end near unchangedThe S&P 500 flirted with record territory but lost steam ahead of the closing bell on Thursday, with major indexes ending on either side of unchanged.... Who cares? My money up 0.69%. I just invest in high yield stocks & ETFs. My only low yield one is VT Vanguard Global stock ETF. I want dividends to supplement our SS income. It is working. Who cares for Apple, Alphabet & crap.
Source: MarketWatch - 🏆 3. / 97 Read more »