Archive

Semiconductors Leading The Stock Market Higher

Jun 25, 2025 3 min read paid

Since the start of the current bull market during October 2022, we recommended overweighting the S&P 500 Information Technology sector and have been especially positive on the S&P 500 Semiconductor industry. We stuck with that recommendation during the correction in the S&P 500 from February 19 through April 8. In recent days, the industry's stock price index rose to new record highs

Ed Yardeni

A New Day In The Middle East?

Jun 24, 2025 3 min read paid

Any day with a ceasefire in the Middle East is a good day for stocks. On Monday, President Donald Trump declared that the "12-Day War" between Israel and Iran is over. The S&P 500 rose 2.1% yesterday and today on that news to 6092.18 (chart). That's only 0.9% below the February 19 record high of 6144.15. The market rose even

Ed Yardeni

Ceasefire

Jun 23, 2025 3 min read

This morning, Iran launched a missile attack on the US military's Al Udeid Air Base in Qatar in retaliation for US airstrikes on Iranian nuclear facilities the previous day. The attack involved short- and medium-range ballistic missiles, with Qatar reporting that its air defenses intercepted most of them, and no casualties were reported. Earlier in the day, President Donald Trump thanked Iran for giving the United States advance

Ed Yardeni

ECONOMIC WEEK AHEAD: June 23 - 27

Jun 23, 2025 3 min read paid

Layered on top of a still-developing trade war, President Donald Trump's attack on Iran puts markets in decidedly uncharted territory. Much will depend on how Iran responds to the attack. Trump said in Saturday's White House address, if Iran doesn’t "make peace" then "future attacks will be far greater and a lot easier." In addition, Trump's "Big Beautiful

Ed Yardeni
William Pesek

MARKET CALL: Trump Says Iran's Nuke Program Is 'Obliterated' . . . What's Next?

Jun 22, 2025 3 min read

On Saturday night, the US attacked Iran's three nuclear sites in Fordow, Natanz, and Isfahan. President Donald Trump announced this in a social media post at 7:50 p.m. EST. In a short speech at 10:00 p.m., he said that Iran’s key nuclear sites were "completely and fully obliterated" by the strikes. He noted that there are many more sites in Iran

Ed Yardeni

IN 11 CHARTS: Fed Remains On Hold, But Still Leans Towards Easing

Jun 19, 2025 5 min read paid

President Donald Trump has been calling on Fed Chair Jerome Powell to lower interest rates. The Fed chair has been the object of intensifying schoolyard jabs from the President. "We have a stupid person, frankly, at the Fed," Trump told reporters following the Fed's stand-pat decision on Wednesday. "Am I allowed to appoint myself at the Fed? I'd do a much better job

Ed Yardeni
William Pesek

"UNCONDITONAL SURRENDER"

Jun 17, 2025 3 min read paid

The stock market held up remarkably well today considering that President Donald Trump abruptly left the Group of Seven meeting in the Canadian Rockies this morning. On his way home, he warned Tehran's residents to get out of town immediately. He also warned Iranian leader Ayatollah Ali Khamenei that he is an "easy target" and "our patience is wearing thin." In a subsequent post,

Ed Yardeni
William Pesek

Stocks Up As Mullahs Ready To Talk, Again

Jun 16, 2025 3 min read paid

Stock prices rose this morning as oil prices fell a bit on news reports that the Mullahs want Israel to stop pounding them and are willing to resume nuclear talks with the US as long as the US doesn't start pounding them too. Israel has established air superiority over Iran by knocking out most of the country's air defense systems. Israel is now focusing on knocking

Ed Yardeni

ECONOMIC WEEK AHEAD: June 16–20

Jun 15, 2025 3 min read paid

The moment Fed watchers have waited for is finally here—albeit with less drama than many believed a few weeks back. As we've long said, the two-day June Federal Open Market Committee meeting (Tue-Wed) should come and go with the federal funds rate still in the 4.25%-4.50% range that it's been in since December. Even as headline inflation measures appear to moderate, the

Ed Yardeni
William Pesek

MARKET CALL: In The Middle Of The Middle East

Jun 15, 2025 3 min read paid

Israel is in the middle of the Middle East. Iran's Mullahs have been threatening Israel's existence since they overthrew the Shah of Iran in February 1979. There has been a covert war between the two since then. It turned more overt last year and escalated on Friday when Israel launched a preemptive strike targeting nuclear facilities (Natanz, Khondab, Fordow), military installations, and residences of senior officials

Ed Yardeni

Inflation Is Chilling Down While Middle East Is Heating Up

Jun 12, 2025 4 min read paid

May's PPI inflation report, released today, was lower than expected as was May's CPI inflation report yesterday. The PPI final demand for personal consumption edged down to 2.6% y/y in May, while the CPI rose only 2.4% during the month (chart). Both suggest that May's PCED inflation rate might have dropped to 2.0%, which would finally be down to the

Ed Yardeni

Stagflation’s Absence, Trump’s Deal-Making, Government’s Higher Debt

Jun 11, 2025 3 min read paid

The stock market didn't do much today. Neither did the bond market. But the price of a barrel of crude oil rose, and so did the price of an ounce of gold. President Donald Trump announced another deal with China. The US will allow Chinese students to continue attending American colleges, and China will continue to provide rare earth minerals to American manufacturers. Tariffs imposed on each country

Ed Yardeni