Despite the new burst of market volatility, long-time bull Edward Yardeni sees a return to all-time highs this year.
"I think it moves higher partly because there's a recognition that even companies that do business with China are going to find ways to deal with this escalating trade tension like moving some of their supply chains to other countries," said the Yardeni Research president Friday on CNBC's "Market volatility resumed Friday on reports of a stalemate between the U.S. and China on a resolution, and the major indexes ended the week in the red.
WallStJesus TradingNation Making groundless, idiotic predictions. China buys $300 billion worth of semiconductors each year. Where do you find a replacement buyer outside China? Unless Trump caves in to China conditions first to make a deal happen which I say he will.
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