The stock market's pullback is 'healthy' and gives earnings a chance to catch up to prices, Wall Street bull Ed Yardeni says | Markets Insider

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The stock market's pullback is 'healthy' and gives earnings a chance to catch up to prices, Wall Street bull Ed Yardeni says

that the stock market's recent pullback is no reason for concern and is unlikely to continue into a bear market.

The president of Yardeni Research added that the market needed time for earnings to catch up to prices, and now that process is starting to take place. The economy is"doing really great," and real GDP for the third quarter could be up 25% to 30%, he said.Tennis star Maria Sharapova stepped up her investing game after retiring with millions. To get her support, she says your startup needs 3 things.

He also said he does not think there's a bear market or recession up ahead, and he's looking for the market to broaden out in industrials, financials, and energy stocks as the economy recovers.

 

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