‘This is going to be one of the best Christmas seasons ever,' market bull Ed Yardeni says

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‘This is going to be one of the best Christmas seasons ever,' market bull Ed Yardeni says (via TradingNation)

Yardeni, who's known for running investment strategy for Prudential and Deutsche Bank, expects the holidays to boost stocks deeper into record territory.

"This is going to be one of the best Christmas seasons ever," the president of Yardeni Research told CNBC's "" on Friday. "People are coming out of this pandemic still mentally, and they need to spend. And, I think they realize they have to spend now because if you get too close to Christmas, a lot of the merchandise may be out of stock.""Consumer confidence has been weak, and inflation has been eating into the wage gains," said Yardeni.

He speculates higher income workers with robust savings are adding to consumers' capacity to offset inflation pressures. Yardeni's base case is stocks will continue to rise, and price pressures will ease once supply chain troubles get worked out "Companies are doing a great job of hammering away and getting at costs and keeping profit margins at all-time record highs," he said. "It's very, very impressive."

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TradingNation Yay. No more commercializing it?

TradingNation Stock Bear/Bull S. market Pure evil racist white supremacists, created demand, inflation. GOG=GOP and MAGOG=MAGA, EVER EXPLOITISTS CAPITALIST, OPPRESSIVE, GREEDY PRIVILEGE POLICIES. Father God, Creator, Mother Earth Help Us All, Deliver Us From evil GOG/GOP and MAGOG/MAGA, Amen.

TradingNation If there is anything to buy. Otherwise may be the best season for transports, tourism and hospitality. Beware the potential for a post holiday economic hangover.

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