Bull Market Is Back as Recession Worries Fade, Yardeni Says
- Recommends diverse global portfolio including US industrials
- A return to ‘Old Normal’ of rates above 0% ‘would be great’
Ed Yardeni
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Closely followed strategist Edward Yardeni, who saw resilience in the US economy even as recession worries grew last year, remains sanguine on where global financial assets — including US stocks — are headed.
“The outlook for the world economy is actually improving,” the president and founder of Yardeni Research Inc. told Bloomberg Television’s Surveillance on Wednesday. US equities “made a low on Oct. 12. That was the end of the bear market and we ‘re back in a bull market.” Since closing at 3,577.03 that day, the S&P 500 has risen almost 10%.