Yardeni QuickTakes (Page 1)

Gridlock Won & Markets Cheer

Nov 4, 2026 4 min read paid

I. Why Wall Street Is Cheering the Blue Sweep Ahead of Tuesday's midterm elections, we warned that a Democratic sweep of Congress could deliver a cold shower to Wall Street. It still could, but it didn't do so today. Democrats captured both chambers of Congress, flipping seven Republican-held Senate seats, including historic victories in Texas, Kansas, and South Carolina. Financial markets put a positive spin

Ed Yardeni
Elias Griepentrog

WEEKLY WEBCAST: Some AI Lessons In A Booming Economy

Nov 4, 2026 1 min read paid

Today, Elias and Ed examine lessons that emerged from last week’s financial market turbulence. While stock investors soured on AI-related stocks, pulling the S&P 500 down despite good performance from most sectors, the week yielded several insights that are encouraging for the AI trade. … Less encouragingly, last week showed how little tolerance investors now have for under-delivering AI companies. Analysts with unattainably high estimates are

Ed Yardeni

Nothing To Fear But Fear Itself And FOMO, FEMO, FOGO & FOJO

Nov 3, 2026 4 min read paid

I. Three Shades Of Fear Monday's issue of The Wall Street Journal featured a story titled, "Hedge Fund Elliott Warns of FOGO: Fear of Getting Obliterated in the Market." That has inspired us today to coin "FOJO," or fear of jumping out of the market. FOMO, of course, is the fear of missing out on a bull market. Only a few months ago, we

Ed Yardeni
Elias Griepentrog

Could Midterms Give Wall Street A Cold Shower?

Nov 2, 2026 5 min read paid

I. When Gridlock Isn't Good for Stocks The US midterm elections will be over tomorrow night. According to betting markets, Democrats have roughly a 95% probability of winning the House and a 76% probability of taking the Senate (charts). We suspect that stock investors have yet to fully discount the possibility of a Democratic sweep of Congress. Some may remain skeptical that polls confirming strong support for Democrats

Ed Yardeni
Elias Griepentrog

US SECTORS CALL: Technology & Health Care

Nov 1, 2026 4 min read paid

Momentum returned to the AI trade early last week. Anthropic’s IPO filing on Monday revealed a far more profitable business than investors had expected, and the AI trade rallied. SK Hynix added to it with blockbuster results overnight Tuesday. Then the trade unraveled. Alphabet’s earnings disappointed on Wednesday, and Intel’s report triggered a chip rout on Friday. The Nasdaq fell 2.9% on the day. Intel plunged

Ed Yardeni
Toby Hearst

GLOBAL MARKETS CALL: Government Bond Yields Ease, Gold Falls

Nov 1, 2026 5 min read paid

Investors sought safety in government bonds last week as the AI selloff rattled stock markets worldwide. Yields eased across most of the major bond markets. The stock market selloff has been hardest on the markets that soared the most this year. October is ending with the US well ahead of the rest of the world. That validates our recent shift to market weight on the Go Global portfolio strategy. Here’

Ed Yardeni
Toby Hearst

ECONOMIC WEEK AHEAD: November 2-6

Oct 31, 2026 4 min read

The S&P 500 fell 0.6% last week, and the Nasdaq dropped 2.0%, both posting their third straight week of losses, as disappointing tech earnings revived concerns about AI-related spending. The FOMC held the federal funds rate (FFR) at 3.75%-4.00% on Wednesday in a 10-2 vote, with the dissenters favoring a 25bps hike. We believe the committee needs another 50bps of increases

Ed Yardeni
Toby Hearst

US MARKET CALL: AI Spooking Investors

Oct 31, 2026 5 min read

I. Stock Market Performance Happy Halloween! Kids are enjoying the spooky cultural holiday today. The celebration evolved from ancient Celtic harvest festivals tied to All Hallows' Eve into the secular traditions of costumes, parties, and trick-or-treating that we know today. Investors have been spooked about the AI trade since the S&P 500 peaked at a record high of 7818.93 on October 6 (chart). The

Ed Yardeni
Toby Hearst

US Economy Continues To Roar, While The Fed Waits For More

Oct 29, 2026 5 min read paid

The FOMC voted 10-2 on Wednesday to hold the federal funds rate at 3.75%-4.00%, with the two dissenters favoring a 25bps hike. Yet Fed Chair Kevin Warsh's assessment of the US economy sounded decidedly hawkish. Economic growth is robust and broadening, the labor market is in good shape, inflation remains above the Fed's 2.0% y/y target, and financial conditions are

Ed Yardeni
Elias Griepentrog

AI Jitters Continue While Fed Pauses Hiking Rates

Oct 29, 2026 4 min read paid

I. The AI Boom Versus The AI Trade AI jitters will be back tomorrow after taking a breather so far this week, as encouraging developments surrounding the AI investment boom helped restore confidence and lift technology stocks. The S&P 500 rose 0.3% on Wednesday, moving back above its 50-day moving average (chart). The Nasdaq-100 advanced 0.6%, recovering toward its 50-day moving average while

Ed Yardeni
Elias Griepentrog

WEEKLY WEBCAST: Possible Bad News & Good Buying Opportunities Ahead

Oct 28, 2026 1 min read paid

When we lowered S&P 500 year-end target a month ago, it had nothing to do with the market’s fundamental underpinnings. Our concerns remain valuation related in light of rising uncertainties in the investment backdrop. But don’t be tricked by scary surprises that send stocks southward; they could be attractive buying opportunities, say Ed and Elias, given the robust economic growth and corporate earnings we continue

Ed Yardeni

Industrials: AI Jitters Versus Booming Orders

Oct 28, 2026 5 min read paid

I. AI Still Boosting Capital Goods Orders The AI investment boom has been a double-edged sword for S&P 500 Industrials this year. Back in July, we noted that the sector was the second-best performer among the S&P 500's 11 sectors, with a 17.7% ytd gain, as investors favored companies supplying the equipment and infrastructure needed for the AI buildout. Since then,

Ed Yardeni
Elias Griepentrog

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