Brutal selling amid a volatile market has raised the question of whether markets have hit a bottom. But Wall Street veteran Ed Yardeni says he doesn’t think “we’re gonna climb out of this thing very quickly, not in a fundamental sense.”
“But what changed dramatically this year is ‘don’t fight the Fed’ now means don’t fight the Fed when it’s fighting inflation. And that means that that’s not a good environment for equities on a short-term basis,” he told CNBC.
Yardeni said it “isn’t going to be over” till there are definitive signs that inflation, brought on by soaring food and energy prices, has peaked.
Read the full article: https://www.cnbc.com/2022/06/21/ed-yardeni-on-bear-market-the-fed-and-inflation.html
Wallstreet veteran Ed Yardeni says ‘…don’t fight the Fed when it’s fighting inflation. & that means that that’s not a good environment for equities on a short-term basis.’ The S&P 500 (SPX) has fallen 23% so far this year, how much further do you think it will fall?
-30% to -40%
-41% to -50%
-51%+
$SPX HAS BOTTOMED
Join the poll: https://www.reddit.com/r/marketpredictors/comments/vhdjgf/how_much_further_do_you_think_sp_500_will_fall/
Leave a Reply