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The stock market is in a great spot for investors to jump in, Ed Yardeni says.
The market vet still thinks stocks are in the midst of a long-term bull market that could last through 2030.
Stocks could rally 50% higher by the end of the decade, Yardeni has predicted.
The latest pullback in stocks could represent a big “buy” signal for investors, according to market veteran Ed Yardeni.
The Yardeni Research president pointed to the latest pullback in stocks, with the Dow plunging over 600 points on Thursday after services and manufacturing data pointed to more inflation pressures. That’s fueled fresh fears of interest rates remaining high.
But stocks are still in a longer-term uptrend, meaning the pullback could be a fresh opportunity for investors who have been waiting on the sidelines, Yardeni said.
“My advice to people who have been investing in the market is to stay with it,” he told Bloomberg on Thursday. “All in all, I’m kind of anticipating the US economy is…
2024-05-24 18:52:59
Link from finance.yahoo.com