Let’s Party Like It’s 1999! Fundamentals Are Bullish
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- Опубліковано 25 січ 2024
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Now that investors’ recession fears have abated, they’re focusing on company fundamentals again, so good corporate news is having a stronger bullish impact. Additionally, investors are excited about the potential of AI and the prospect of Fed easing. The possible result: an exuberant meltup phase, which might already be under way and might become irrational. … Unless Fed Chair Powell stresses that he’s in no rush to ease, a speculative bubble could inflate, funded by money moving from interest-paying vehicles into stocks and bonds. … Also: The economy is nearly as good as it gets. Unemployment, inflation, and gas prices are down; consumer sentiment and retail sales are up.
I am a subscriber who always watches your videos in South Korea.
Thank you as always for your videos and insights.
Thanks Ed.
Thanks Ed
A voice of reason amidst the hysteria. Thank you sir for sharing your expertise.
brilliant charts !
Thanks Ed. I always listen to your podcasts in the evening. I am an investor, MBA, and retired secured lender for 35 years. Can you let viewers know what time you go live?
Also, I see you on CNBC quite often.
This is a replay - he has a paid option that gets you the video earlier.
It is a real head scratcher that stocks keep roaring up while valuations were already at ridiculous levels. It doesn't seem like this market is a good place to be.
Valuations with some of the tech related issues are indeed richly valued. That's why you look for price discovery. The stock market is not limited to tech. Broaden your horizons.
Regards -
Sure, if you only look at the S&P 500. My portfolio has a forward PE of 14. I'm sleeping very well at night.
Small caps cheap. Mid caps cheap. Stocks excl mag 7 cheap. This is a stock pickers market. Plenty of value out there.
The past 2 years have been a fight. I thought about it like a traffic jam. We're at that part where we are about to floor it, then traffic becomes distant, and things slow and ease, and we get home. Now we should just do the day to day.
In China, they do not want the property to appreciate. They are holding for tax purposes. After 70 years, they don't have to pay taxes on the property. It's long-term wealth.
*Re: GSE's vs Capitol Hill vs The White House*
Any thoughts about a "possible" attempt to reprivatize FNMA/ FRCC? Or are there to many walls from a congressional perspective?
Regards -
So as in 2023 the SP500 year end target is likely to come way sooner?:)
What about the AMX and V have higher loan loss provisions even banks had this provision too. Isn't that is red flag signal that consumers spending on boring or on debt. USA's debt out of limit too. It's risky
What are you going to say when the recession happens? Just keep holding stocks always go up? Too many indicators saying a recession will be here soon.
Bit Digital (BTBT) will become a very successful company in the probable bullish environment .
Rolling recession doesn't chart very clearly it seems. All I can say as a contrarian dumpster diving enthusiast is there's been a good to great buying opportunity in just about everything interesting over the last 18 months. Even now some things are trading cheaply, if you're not looking holistically that is.
All eyes on you Ed, once you gained respect as the only contrarian when everyone was fearful between February 2022 and October 2023. Let's hope that the optimism will last 20 months as well!
😊👍🙏
I highly doubt recession has been evaporated and stock valuation s are at nosebleed levels.
IWM $400 - EYO 2025
Things look ok if you disregard crippling debt levels
Debt levels are only crippling if the economy is crippled by said debt.
@@sebfox2194 It is already the biggest part of tax receipts, which are far lees than amount spent. How much higher does it need to get?
@@markburnham7512you should stay out if your that afraid
Dude never mentions America 😅hemorrhaging massive debt
How’s that affected the market?
Over the last 20 years?