The president of sell-side Wall Street firm Yardeni Research, Ed Yardeni, believes that the S&P 500 is firmly marching in bull territory.

In a new interview on CNBC Television, Yardeni predicts that the US stock market will surge to new all-time highs amid an improving macroeconomic picture.

“I think we’re still very much in a bull market… I think the market is going to go higher because I think the economy is going to prove resilient. It has shown some weakness of late, but that’s really old data, data that is in response to all the uncertainties, and I think a lot of the uncertainties have dissipated. Clearly, [the trade war] is not a done issue yet, but I think it will be by the end of the summer.”

The market strategist also notes that risk assets like stocks have a history of climbing a “wall of worry,” rallying even as most investors are sidelined amid fear, uncertainty and doubt.

“There’s always risk, clearly, in the market, and things to be concerned about. Sometimes the market goes up best when everybody is worried. What’s interesting is here we are basically at a record high, and a lot of the sentiment indicators are still very wary, very cautious. You’re not seeing a lot of bullishness in the sentiment indicators.

So that’s a good thing. That suggests that people just really haven’t bought into this recovery from the correction.”

On Friday, the S&P 500 closed the trading day at 6,173 points – a new all-time high.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Andrey Lobachev/Tithi Luadthong

The post S&P 500 Is Going To Go Higher Amid Resilient Economy, Dissipating Uncertainties and Cautious Investor Sentiment, According to Yardeni Research appeared first on The Daily Hodl.

The president of sell-side Wall Street firm Yardeni Research, Ed Yardeni, believes that the S&P 500 is firmly marching in bull territory.

In a new interview on CNBC Television, Yardeni predicts that the US stock market will surge to new all-time highs amid an improving macroeconomic picture.

“I think we’re still very much in a bull market… I think the market is going to go higher because I think the economy is going to prove resilient. It has shown some weakness of late, but that’s really old data, data that is in response to all the uncertainties, and I think a lot of the uncertainties have dissipated. Clearly, [the trade war] is not a done issue yet, but I think it will be by the end of the summer.”

The market strategist also notes that risk assets like stocks have a history of climbing a “wall of worry,” rallying even as most investors are sidelined amid fear, uncertainty and doubt.

“There’s always risk, clearly, in the market, and things to be concerned about. Sometimes the market goes up best when everybody is worried. What’s interesting is here we are basically at a record high, and a lot of the sentiment indicators are still very wary, very cautious. You’re not seeing a lot of bullishness in the sentiment indicators.

So that’s a good thing. That suggests that people just really haven’t bought into this recovery from the correction.”

On Friday, the S&P 500 closed the trading day at 6,173 points – a new all-time high.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Andrey Lobachev/Tithi Luadthong

The post S&P 500 Is Going To Go Higher Amid Resilient Economy, Dissipating Uncertainties and Cautious Investor Sentiment, According to Yardeni Research appeared first on The Daily Hodl.